The fisheries sector has always be one of the main pillars of our economy. Compared to the tourism sector which has the unfortunate nature of being seasonal, that of fisheries is less so. This thus shows the importance of investment within fisheries industry. Investing within the fisheries sector also ties in with the country’s sustainable development goals in terms of food security.
Currently the fisheries sector contributes only 6% towards the Seychelles annual GDP. With nearly 1.4 million square kilometers and fish being one of the few natural resources of Seychelles, this should not be the case. Indulging in only traditional fishing should not be the solution. Studies have already shown a decrease in fish population in our waters. Globalization has also brought about a worldwide decrease in prices.
The solution here in lies with the ability to supply volume required at the same or reduced cost, utilization of new technologies, ensurance of high quality standards and more importantly that of value addition.
The aim of this article is to make investors aware of the various value addition possibilities for future investments.