Fishing industry in the Maldives

Fishing industry in the Maldives
For many centuries the Maldivian economy was entirely dependent on fishing and other marine products. Fishing remains the main occupation of the people and the government gives priority to the fisheries sector.
The mechanisation of the traditional fishing boat called dhoni in 1974 was a major milestone in the development of the fisheries industry. A fish canning plant was installed on Felivaru in 1977, as a joint venture with a Japanese firm. In 1979, a Fisheries Advisory Board was set up with the mandate of advising the government on policy guidelines for the overall development of the fisheries sector. Manpower development programs began in the early 1980s, and fisheries education was incorporated into the school curriculum. Fish aggregating devices and navigational aids were located at various strategic points. Moreover, the opening up of the Exclusive Economic Zone (EEZ) of the Maldives for fisheries has further enhanced the growth of the fisheries sector.

As of 2010, fisheries contributed over 15% of the country's GDP and engaged about 30% of the country's work force. Fisheries were also the second-largest foreign exchange earner after tourism.