Balochistan fisheries, Ocean Venture sign MoU

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QUETTA, Feb 13 (APP):The Fisheries department on Monday signed a memorandum of understanding (MoU) with Ocean Venture, a private enterprise.

In the presence of Chief Secretary Balochistan Abdul Aziz Aqeeli, Secretary Fisheries Kazim Jatoi and CEO Ocean Venture signed the MoU.

A handout issued by the Directorate of Public Relations said that Ocean Venture Private Limited would invest “US$ 50 million in Balochistan’s fisheries sector”.

The company will set up a fish processing facility at Damb/Gadani and purchase 05 long liners and 05 mesopelagic vessels.

Besides, OV Pvt. Ltd. will establish a facility for the direct transportation of crustaceans.

A total of 600–700 jobs will be created, out of which 60% will be given to the local people of Balochistan.

It may be recalled that this is the first private-sector investment in the Balochistan Fisheries sector.  The introduction of modern methods will help moderate fish harvesting techniques in the province.

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