Frabelle Fishing Corp. plans to expand to India to complement overseas operations in Papua New Guinea, Vietnam and Indonesia.
Company president Francisco Tiu Laurel said India is a good site for putting up canning facilities with wide availability of tuna.
“It is quite interesting to note that India has a potential of 230,000 metric tons of tuna annually, of which 40 percent is skipjack and the rest is big eye and yellowfin. That’s something worth looking into by way of putting up the facility or at least buy more materials to feed existing Filipino-owned factories around the western and central Pacific,” Laurel said at the first virtual India Philippines Marine Fisheries & Aquatic Business Conference organized by the Philippine Chamber of Agriculture and Food Inc.
FFC is into deep-sea fishing, aquaculture, canning, food manufacturing, processing, food importation and trading, cold storage, shipyard operations, wharf development, real estate development and power generation.