Feb 11, Colombo: Sri Lanka's Board of Investment (BOI) has recently approved a new aquaculture project by Senura Aquaculture Lanka (Pvt) Ltd to establish a fish farm in Chilaw, in the northwest.
Senura Aquaculture will invest US$ 100 million in the project which will be a boost for Sri Lanka's fisheries production.
The company, which is a collaboration with an Israel company named AR Aquaculture Ltd, will develop 1,000 acres of privately owned lagoon land in the Chilaw district for fish farming.
The project "Senura Aquaculture" will be a state of the art fish farm managed by a team of Sri Lankan and Israeli experts in the Fisheries and Aquaculture industry.
Under the agreement the company will build an office complex with conference hall facilities, a hatchery complex, fish breeding units, laboratory facilities and fish and prawn cultivation ponds.
According to the BOI, the project is being studied as a role model by many state universities and research centers to build up knowledge in the science of aquaculture.
The project is supported by the Ministry of Fisheries, National Aquatic Resources Research and Development Agency (NARA) and National Aquaculture Development Authority of Sri Lanka (NAQDA).