Published May 28, 2021, 4:34 PM
Philippines’ tuna and canning companies are eyeing expansion in India, which offers fishing areas that could yield up to additional 213,000 metric tons (MT) of tuna annually.
During the India-Philippines Business Conference on Marine Fisheries and Aquaculture, Frabelle Fishing President Francisco Tiu Laurel Jr. said India has the potential for additional yield of 213,000 MT annually and that “this is worth looking into”.
Laurel said the expansion of Philippines companies could either be through the establishment of processing facilities or through the importation of raw materials to supply their existing facilities.
Right now, Philippine fishing and canning companies also have canneries in Papua New Guinea, Indonesia, and Vietnam.