• GenSan seeks shrimp farming investments

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    GENERAL SANTOS CITY: Local officials are pushing for the entry of shrimp farming investments in a bid to develop the industry as one the city’s major economic drivers.

    Mayor Ronnel Rivera said on Thursday that the city government was meeting with potential investors and local industry players for the development of processing plants and the expansion of shrimp farms in the area.

    He said the city had the resources and support facilities required for the production of export-quality shrimps.

    “The city is ready and open for new investments and businesses for aquaculture, especially shrimps, and we’ve put in place the necessary policies and infrastructure to support that (aquaculture),” he said.

    The mayor said they were seriously looking at aquaculture to help propel the city’s economy beyond the flagship tuna industry.

    He said the city government wanted to enhance its decades-long image as the “Tuna Capital of the Philippines.”

    According to the Bureau of Fisheries and Aquatic Resources, the country’s shrimp production reaches around 70,000 metric tons annually, valued at P10 billion.

    The city and nearby Sarangani Province account for about 15 percent of the country’s exports of Philippine vannamei or white shrimps.

    PNA

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