Seafood Chinese Invest Rs 5 billion

10 years, 4 months ago - November 01, 2013
Seafood Chinese Invest Rs 5 billion
The business is booming for the Seafood Hub. Chinese investors have in fact indicated their intention to invest a whopping Rs 5 billion in this sector, including the fish processing.

Indeed, these investors have already made representations to the Ministry of Fisheries to obtain all necessary approvals. They are particularly interested in the tuna processing companies operating in Mauritius. And they have relocated their operations in Mauritius or sell their catch in the Seafood Hub Mauritius.

Asked by The Early Bird Monday, the Minister of Fisheries Nicolas Von-Mally, confirmed for Chinese investors to invest that much in Mauritius.

"The arrival of favorable tuna companies"

"The arrival of these Chinese investors in Mauritius followed my recent visit to China, where I explained to the Chinese investors various benefits of investing in Mauritius," said the Minister of Fisheries. Five Chinese-flagged tuna are heading to Mauritius to land their catch. They belong to three Chinese companies that are interested to do joint ventures with local companies specialized in the manufacture of flaked tuna.

For the minister, the arrival of Chinese Vessels in port will benefit more than one way for local businesses. Employment in this sector will be guaranteed and boats will get fuel. The same is true for the Shipyard the Indian Ocean will be more orders in terms of ship repair.

The minister said that the Chinese do not intend to invest in the 'fish processing' but they want to start breeding of sea cucumber in Mauritius. It will ensure that the project meets environmental standards. Japanese investors have shifted their operations to Mauritius to provide specialized local tuna companies in the 'fish processing'. They operated so far in South Africa. 

 

Text by Le Matinal

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