Fishery investment up<\/p>\n
JAKARTA (JP): Domestic investments in the fishery industry
\nincreased by 25.7 percent to Rp 997.18 billion (US$453.65
\nmillion) as of last November from Rp 777 billion as of the end of
\n1992.<\/p>\n
The Ministry of Agriculture announced over the weekend that
\nforeign investments reached $79.76 million as of last November.<\/p>\n
The ministry's report said that out of the total investments,
\n70 percent was committed for fishing projects, 20 percent for the
\nestablishment of fishponds, 4.39 percent for pearl cultivation,
\none percent for aquarium fish cultivation and the remaining 4.61
\npercent for other fishery businesses.<\/p>\n
The report said that during the fifth Five Year Development
\nPlan (Repelita V) period ended in March, exports of fishery
\nproducts increased by an annual average of 23.5 percent from
\n228,591 tons worth $825 million in 1989-90 to 520,319 tons valued
\nat $1.49 billion in 1993-94.<\/p>\n
Fishery production increased by an average of 5.4 percent per
\nannum from 3.04 million tons in 1989-90 to 3.74 million tons last
\nfiscal year. Fishing activities contributed 75 percent to the
\nfishery production. (als)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/fishery-investment-up-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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