KUALA TERENGGANU: An aquaculture company’s move to introduce contract farming is expected to boost the income of young entrepreneurs here, particularly those in Kuala Berang.
The contract farming initiative, launched by Temanse Aquaculture Sdn Bhd (TASB) jointly with Terengganu Fisheries Department, will increase the monthly fish production signicantly by end of next year.
The first of its kind in Kenyir Lake, the programme will train candidates over six months in the aquaculture business.
It will expose the aspiring entrepreneurs to numerous operational aspects such as planning and finance.
The candidates with the most outstanding potential will be appointed as contract farmers for TASB.
TASB is an integrated aquaculture farming outfit that owns a 30ha fish farm in Sungai Como at Kenyir Lake near here.
Its chief operations officer Nurul Aini Tajuddin said the contract farming initiative was aimed at developing a pool of highly skilled entrepreneurs for the industry.
“TASB will advance the funds for infrastructure, fingerlings and feed to take the burden off the participants,” she said here recently.
She said the programme gave interested individuals first-hand experience in running their own aquaculture business while being guided by an experienced anchor corporation.
Nurul Aini disclosed that the successful candidates would manage 160 fishing cages for a year.
At harvest, the company would buy back the yield at a price determined at the beginning of the year while profits would be divided equally between TASB and the selected participants, she explained.
She added that the programme was opened to all Malaysian aged between 20 and 39.
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