Build a robust supply chain and technology infrastructure steeped with deep industry knowledge and expertise to service the growing global demand for sustainable fishery products while supporting the livelihoods of local fishermen (13)

Support farmers in reducing their costs and improving their income level. eFishery has helped fish farmers grow their business by 70% (since joining) by using its feeding system to save ~30% in feeding costs, boost productivity and provide remote access to maintain control. (24)

Meet need for sustainable food amidst the problems of environmental degradation and global climate change (which in fish production) by maintaining a balance between ecology and economy with the development of sustainable aquaculture businesses for community empowerment and welfare. (25)

For the IOA to be successfully implemented, operators need to spend time and money in training the fish farmers to understand the application of additional care that intensive farming requires. (18)

Successful implementation of this IOA will require financial support not just for fishing operations of farmers, but also to support their families while they sail. (26)

The business models will have to factor in marine insurance to protect the fishermen communities from losses due to a large harvest or famines due to winds with minimal catches. (26)

Natural calamities, Covid-19, etc. can impact the sector, leading to shortage of cargo and disrupted supply chain (critical for transport of perishable products in fisheries).

Gender inequality and/or marginalization risk: While fishery laws protect all fisherfolk, most norms only apply to fishermen, as women are recognized as wives of fishermen or placed in unpaid duties.

Smallholder farmers may not benefit from this IOA as it's difficult for them to obtain funding directly from banks due to their risk profiling that requires higher level of scrutiny and documentation.

Gender inequality and/or marginalization risk: Under recognition of women in the workforce creates disproportionate gaps for women to further access economic opportunities (insurance or financing).

End-to-end aquaculture supply-chain solutions to promote the development of the sector, ensure food security and promote sustainable development.

The RPJMN 2020-24: aims to boost productivity; quality and safety of fishery products; the development of modernized, sustainable aquaculture clusters, as well as a sustainable and efficient capture fishery system; and facilitation of small and large fishery cooperation. (3)

Developing commodities high in economic value, such as tuna, skipjack, cob, shrimp, catfish is also targeted, in line with attaining export objectives and achieving improved food security. (3)

RPJMN 2020-24: recognizes the policy strategy of facilitating business growth, financing/investment, market access, as well as insurance provisions towards improving the livelihoods of all fishermen/women and fishery businesses at every scale. (3)

Such policy direction targets the development of accessible and affordable financing schemes or products, provision of land certifications for fishery actors and increased investment in fishery alongside conducive regulations, such as simplified business licensing. (3)

It also aims to strengthen the human resource aspect of the fishery sector through encouraging technological adoptions in business and research, distributing sustainable and efficient use of fishery technology, providing digital counseling to improve marine business literacy. (3)

Financial incentives: BKPM Regulation No. 5/2020 provides an Income Tax Facility through six-year net income reduction of 5% annually or 30% of the investment value in the form of tangible fixed assets including land, used for main business activities. (30)

Fiscal incentives: Presidential Decree No. 10/2021 states that foreign investors may only carry out business activities in large-sized enterprises (including Marine Fish Cultivation Production Facilities) with an investment value of >USD 0.6 mn excluding the value of land and buildings. (31)

Other incentives: Presidential Regulation 49/2021 establishes provisions of tax allowances for investments in the capture and cultivation of fish species such as Crustacea, Mollusca. (32)

Law No. 7/2016 concerning Protection and Empowerment of Fishermen, Fish Raisers and Salt Farmers invites private participation to address the financing or capital needs of fishery business actors with the aim to address sustainable development of fishery businesses. (28)

It aims to develop fishery business infrastructure and facilities, improve capacities of above mentioned fishery business actors and provide protection to said workers against climate change risks. (28)

Law No. 45/2009 covers regulations by the Ministry of Marine Affairs and Fisheries on the standard quality of fishery products, and provisions on Trading Business License (SIUP), Capture Fishery License (SIPI) and Fish Transporting Vessel License (SIKPI). (29)

It also covers regulations by the GoI on the quality control of fish parent and sperm cultivation and the order of the utilization of water and area for fish cultivation, to ensure quantity and quality of water. (29)

Corporates: eFishery, Aruna Investors: Go-Ventures, Northstar Group, Temasek, SoftBank Vision Fund 2, Sequoia Capital India, GSMA Ecosystem Accelerator, Aqua Spark, Prosus Ventures, East Ventures, SIG, AC Ventures, MDI, Vertex Ventures

Ministry of Marine and Fishery, Ministry of Industry

Food & Agriculture Organization (FAO), ASEAN PPP for Sustainable Fisheries and Aquaculture

Indonesian Traditional Fishers Association (KNTI), People's Coalition for Fisheries Justice (KIARA), Indonesia Ocean Pride, Carbon Ethics, Masyarakat Akuakultur Indonesia (MAI)

Indonesia Fishery Product Processing & Marketing Association (AP5I)