The story
Fishing has always been part of the Maldivian lifestyle. It's the primary source of income for island communities. The small scale fishing practices feeds the family, then the community, and then exports the excess which personifies sustainable fisheries in the Maldives.
In 1977, the Government of Maldives, with a Japanese investment set up a cannery at Lhaviyani Atoll. 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.
The company was a subsidiary of the State Trading Organization (STO), before President Mohamed Muizzu declared the company as a 100% state owned company.
From Wikipedia’s article on Maldives Industrial Fisheries Company, shared under CC BY-SA 4.0.4