The Value Chain Assessment (VCA) of the fisheries sector for Rodrigues aims at examining the existing value chains and analysing the opportunities and constraints for its future development. Value chains help to maximise revenue flow in the fisheries sector through judicious utilization of scarce resources, processing, value addition, efficient marketing and distribution. In Rodrigues fishing has evolved over time from subsistence to commercial fisheries in an opportunist way in the absence of t he basic infrastructural, extension and marketing facilities. Consequently the existing value chains of the local and regional (Mauritian) markets are either marginal or exhausted. Intensive fishing and overcapitalisation in the lagoon has led to the depletion of the sedentary fish stocks and damages to marine ecosystems. Open access, or the inexistence of a management framework, has contributed to impoverishment of local fisher folks. Paradoxically there are significant untapped fish stocks in the off-lagoon and deep-sea areas around the island that can lift up the fisheries sector as a major cluster of the regional economy. It is recommended to chart out an integrated action plan to marshal the development of extended artisanal and small scale fisheries with due emphasis on export oriented value chains.