During the 43rd Fishermen’s Day celebrations, President Dr. Mohamed Muizzu announced the establishment of a new 100 metric tonne canned fish processing plant, complementing the existing Felivaru facility. Reiterating his commitment to the fishing industry’s welfare and development, the President highlighted ongoing efforts to expand the fisheries sector.
President Muizzu shared confidence in positive outcomes from changes in the Maldives Industrial Fisheries Company Limited (MIFCO) management, with a focus on fishermen’s direct participation. Additionally, the Cabinet unanimously approved a national register for local fishermen, aiming to address financial challenges by integrating them into the formal banking system.
These initiatives are part of a broader strategy to enhance the prosperity and well-being of the local fishing community.