Sri Lankan government launches PPP to raise milk fish for use as bait by long line fishing vessels
The government of Sri Lanka has reportedly launched a project to raise milk fish (ChanosChanos) to be used as bait by long line fishing vessels under a private public partnership (PPP).
The Cabinet of Ministers had approved a proposal by the Minister of Fisheries and Aquatic Recourses Development Mahinda Amaraweera to lease an 12.14 hectare area owned by the Sri Lanka Aquaculture Development Authority in Bangadeniya, the Government Information Department has stated.
Accordingly, aquaculture Development Authority and an association of fishermen representing multi-day fishing boats are to grow the fish under intensive aquaculture.
Reports state that the proposal has said Sri Lanka’s long line fishing vessels uses about 7,000 tonnes of bait, but only 3,000 tonnes of fish such as milkfish and salaya were available domestically.
The balance was imported.
The proposal has stated that imports of squid and milkfish cost the equivalent in Rs. 1,000 million of foreign exchange. Local culturing will also be cheaper and it will improve export competiveness.
OSL take:
The private public partnership (PPP) project launched by the Sri Lankan government to raise milk fish is an indication of the possibilities that are open for consideration to begin such business models related to the fisheries sector.
| Article Code : | VBS/AT/13122017/Z_8 |