Local mariculture could provide the country a much needed economical boost.
Our seas are naturally filled with so much bounty. We need more of Panabo Mariculture Parks set up on different coastlines around the country. Both local and foreign investors are attracted by the profitability of such projects. In fact, the strategic location of the Philippines alone could turn the country into an aquamarine resource powerhouse in Southeast Asia.
However, there is a need for cold storage facilities to make our fish industry more competitive. Panabo has none. There is also the need to find markets for our goods. We enjoin the private sector to invest in Philippine mariculture. An investment of half a million pesos can be recouped in less than two years time, provided the investor has access to the market.”
If we are able to address the gaps in our mariculture industry it will not only feed our hungry people, it will also be a source of huge revenues for our country.