Indonesia to increase investment in maritime, aquatic sectors hinh anh 1Illustrative photo (Source: Internet)

Jakarta (VNA) Indonesia plans to increase investment in maritime and aquatic sectors to 6.3 trillion rupiah (484.6 million USD) in 2018, according to Nilanto Perbowo, an official of the Ministry of Maritime Affairs and Fisheries.

By the third quarter of 2017, investment in the sectors reached 4.4 trillion rupiah, with capital poured into fishing and aquatic farming nearly doubling that of the same time in 2016.

Meanwhile, investment in fish processing was 2.2 trillion rupiah, up 0.4 percent year on year.

The majority of the capital came from foreign countries such as Singapore, the Philippines, Belgium, China and Japan. Of the total investment, 73 percent was funneled into fish processing.

According to the ministry, this is part of the country’s efforts to reduce the number of fishermen living in poverty and industrialise the seafood sector in 2018.

This year, the ministry will focus on ensuring that all maritime and aquatic programmes will reach their goals set in the middle-term national development plan.-VNA