About Us
History of Maldivian Fishery
Fishing has always been a part of the Maldivian lifestyle. In addition to being a primary food source, it was also the primary source of income for island communities. The practices of small-scale fishing - feed the family, then the community, and export the excess - personifies the elements of sustainable fisheries in the Maldives.
In 1977, the Government of Maldives, with a Japanese investment set up a cannery at Lh.Felivaru, adding commercial value to the daily catch. This began the first industrial scale value addition process in the Maldives fishing industry. To this day, canned tuna is popularly known as Felivaru Masdhalhu.
MIFCO aims to continually develop the Maldivian fisheries industry, supplying sustainable and responsible fishery products. The traditional fishing method is environmentally friendly and is a prestigious heritage passed down through generations. We will strive to benchmark Maldivian fishery products in the global market as the leader in sustainable fisheries.
Establishment of MIFCO
Maldives Industrial Fisheries Company Ltd (MIFCO) is the state-owned fishing company established with the sole purpose of creating economic opportunities for the local fishing community and to support the Maldives economy. Incorporated in 1993 MIFCO is the champion in transforming the fishing industry of the Maldives by adding commercial value to the daily catch.
Vision
Be the world leader in sustainable pole & line fishing.
Mission
To preserve and protect the environmentally sustainable pole & line fishing heritage of the Maldives and our island livelihoods for future generations.
