Govt to expand MIFCO facilities via Indian credit line

The Indian High Commission in Maldives, on Tuesday, announced the expansion of Maldives Industrial Fisheries Company (MIFCO) facilities, a project funded by the USD 800 million credit line extended by India to Maldives.

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The Felivaru Fisheries Complex in Lhaviyani Atoll. PHOTO: HUSSAIN WAHEED / MIHAARU

Ahmed Aiham

2020-08-05 00:22:22

The Indian High Commission in Maldives, on Tuesday, announced the expansion of Maldives Industrial Fisheries Company (MIFCO) facilities, a project funded by the USD 800 million credit line extended by India to Maldives.

According to the official statement, an estimated MVR 18 million will be utilized to develop 50 tonne ice plant in Gemanafushi, Gaafu Dhaalu Atoll, in addition to a 100 tonne ice storage facility.

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