MIFCO has assigned a Chinese firm to design a new fish canning factory at its Felivaru Fisheries Complex in Lhaviyani Atoll, with an estimated investment of about US$40 million and completion scheduled before the end of 2026. A separate cold storage expansion by Indian firm Rinac India Ltd, funded through an $800 million Indian Exim Bank line of credit, is also progressing on the island.
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The new facility, which is designed to process 100 metric tonnes of fish daily, will be constructed within the Felivaru Fisheries Complex
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the cannery, a key component of the Felivaru Fisheries Complex expansion project, will require an estimated investment of approximately US$ 40 million.
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is expected to increase MIFCO's daily processing capacity to 150 metric tonnes.
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This cold storage expansion project, facilitated by an MVR 20 million investment, will increase MIFCO's fish purchasing capacity by 280 metric tonnes per day.
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This cold storage expansion project, facilitated by an MVR 20 million investment, will increase MIFCO's fish purchasing capacity by 280 metric tonnes per day.
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The project includes establishing a 4,000 metric ton cold storage capacity, a 200 metric ton brine freezing system, and an 80 metric ton RSW system.
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a 200 metric ton brine freezing system, and an 80 metric ton RSW system.
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a 200 metric ton brine freezing system, and an 80 metric ton RSW system.
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funded through an $800 million line of credit from the Indian Export-Import Bank
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Officials of the Chinese contractor of the proposed fish canning factory at the MIFCO Feliveru Fisheries Complex during a site visit | Image courtesy: MIFCO
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