December 09, 2016

Breaking News

Fresh water aquaculture firms to be expanded in northern Rakhine

A fish pond is seen in Maungtaw. Photo: Min Htet
A fish pond is seen in Maungtaw. Photo: Min Htet

Maungtaw District Fishery Department is planning to expand aquaculture business to villages in the district as part of efforts for assisting in socio-economic development in the areas.
Under the plan, five fish ponds each in 96 villages in Maungtaw District and loans with low interest will be granted to villagers through banks, according the Maungtaw District Fishery Department.
The department has planned to spend more than K3.6 billion on digging fish ponds in the villages.
“Currently, we are working to expand fresh water fish farms and marine water hatchery farms in Maungtaw District, said U Naing Win Thein, Deputy Director of the Maungtaw District Fishery Department. While the number of salt water prawn ponds has reached more than 100,000 in Rakhine State, the number of fresh water fish ponds has reached just under 100, according to the department.
The number of fresh water fish ponds in Buthidaung has increased recently from 100 to more than 300 while Maungtaw has just around 100 ponds.
“Only when the number of hatchery farms increases, can the aquaculture business be thriving in this district,” said U Naing Win Thein.
The expansion of the business would bring more job opportunities to the district and would meet the food sufficiently of the district, he added. The department has asked the permission from its ministry to open five more hatchery farms in Maungtaw District. Maungtaw District sets its target of earning US$7.5 million from exporting fishery products this year while it earned around US$ 7.3 million last year.—Maung Sein Lwin and MNA’s staff

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