National MoU to Develop Cage Fish Farming Value Chain
Signing of the National MoU to Develop the Cage Fish Farming Value Chain
The tripartite cooperation memorandum of understanding on the “Development of the Cage Fish Farming Industry Value Chain” was signed on February 15, 2026, under the leadership and supervision of the knowledge-based holding company Pasargad Health Industries Smart Technology, known as vastra. The MoU was signed among the Vice Presidency for Science, Technology and Knowledge-Based Economy, the Innovation and Prosperity Fund, and Bank Pasargad.
This memorandum has been concluded with a focus on developing knowledge-based technologies, designing innovative financing instruments, and providing targeted support to participants across the industry’s value chain. It will also pave the way for structured cooperation among the government, banks, and the private sector in one of the country’s strategic priorities within the maritime economy.
Under the terms of this memorandum, Bank Pasargad, through vastra Holding as its operating arm, will be responsible for financing and providing credit support for priority projects aimed at developing the value chain. The Innovation and Prosperity Fund will facilitate the expansion of knowledge-based companies active in this chain through its support and guarantee instruments. Meanwhile, the Vice Presidency for Science, Technology and Knowledge-Based Economy will be responsible for technology development, removing bottlenecks and governance-related barriers, policy guidance, and the development of the industry’s innovation ecosystem.
Backed by Bank Pasargad and within the framework of its specialized mission, vastra Holding is responsible for following up on executive affairs, coordinating among the relevant sectors, and facilitating interaction among the players in the value chain. This responsibility has been assigned based on the resolution adopted at the 54th meeting of the Steering Council for Knowledge-Based Technologies and Productions, effective since August 2025.
Within this framework, the focus will be on integrating the country’s financial, technological, and operational capacities to increase sustainable aquaculture production, improve productivity, expand exports, and provide healthy protein for society. This tripartite cooperation, as one of the leading public-private partnership models for targeted technology development in production value chains, represents an effective step toward achieving the objectives of the country’s upstream policy documents in the fields of food security, knowledge-based production development, and strengthening the maritime economy.