Fisheries investment concentrated in Java: Ministry

Fisheries investment concentrated in Java: Ministry

Illustration. Department of Food and Agriculture officials inspected the quality of fish at Kosambi Market, Bandung, West Java, in anticipation of the circulation of food which is not suitable for consumption before Christmas and New Year 2019. (ANTARA PHOTO/Raisan Al Farisi/ama.

Jakarta (ANTARA News) - Investment and financing of the national marine and fisheries business continue to increase every year and are concentrated in Java, said a senior official.

"The realization of investment (in the marine and fisheries) is concentrated in Java, especially Jakarta," Secretary General of the Ministry of Marine Affairs and Fisheries (KKP) Nilanto Perbowo stated here on Monday.

The financing of marine and fisheries businesses, carried out through banks nationally in the 2015-2018 period, experienced an average growth of 11.9 percent per year.

Data show that 52 percent of funding is channeled to Jakarta and East Java. About 61 percent of financing is channeled to the downstream sector (processing and trading).

Director General of Aquaculture Slamet Soebjakto remarked that the future aquaculture insurance program would cover all fisheries commodities.

"Later, (insurance program) will cover all commodities in aquaculture," Soebjakto noted at the Fisheries Insurance Launching event in Jakarta on Tuesday (Nov 13).

KKP, in collaboration with the Financial Services Authority (OJK) at the insurance launch event, expanded the scope of fisheries commodities to include shrimp, milkfish, parrotfish, and catfish (patin).

At the end of last year, OJK and KKP launched aquaculture insurance to cover only for shrimp commodity.

According to Soebjakto, there are many inputs, requests, and suggestions from various community groups, including those asking why insurance only covers shrimp, while in fact the aquaculture commodities managed by the residents are very large in numbers.

Moreover, he continued, the banking sector has given an extraordinary response because this sector was considered to be able to provide certainty for banks in lending to the marine and fisheries in the country.

"So the trend is extraordinary. We, as the government, also experience tremendous benefits. This is also a form of effort by the government for the implementation of Law No. 7/2016," Director General of Aquaculture pointed out.

Reporting by Muhammad Razi Rahman
Editing by Andi Abdussalam, Sri Haryati