Minister Tan Sri Muhyiddin Yassin said the ministry had identified 39 areas nationwide, covering 25,000 hectares, including rivers and land which could be developed for aquaculture.
"We hope to be able to increase the country's fish catch from the present 300,000 tonnes a year to more than 620,000 tonnes with an increase in the value of RM3 billion to RM6 billion a year," he told reporters after opening the Masjid Tanah Umno divisional delegates meeting here.
Muhyiddin, who is also an Umno vice-president, said the ministry was currently in the final stage of appointing a consultant from among the merchant banks.
He said the selected merchant bank would analyse the areas identified and produce a prospectus for each of the areas, like information on the size and location, soil suitability, provision of infrastructure and type of suitable aquaculture project.
"The prospectus will also contain information on the financial analysis, including capital required and feasibility projection, so that those interested can apply to participate in the project," he added.
National Aquaculture Industrial Development Plan Before Year End
MALAYSIA - The Agriculture and Agro-based Industry Ministry will launch the National Aquaculture Industrial Development Plan, a programme which will have a huge impact on the country's fishing industry, before the end of the year.