Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Australian company invests US$ 10.5 million in Sri Lanka to manufacture oats based products
Fri, Aug 22, 2014, 09:03 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 22, Colombo: An Australian company has agreed to invest US$ 10.5 million to set up a manufacturing plant in Sri Lanka to produce oats-based foods.

Sri Lanka's investment promotion agency, Board of Investment has signed an agreement with Aussee Oat Milling Pvt Ltd, to manufacture oats based products such as rolled/flaked oats, flavored oats, oats muesli, oats flour, oats bars and oats cookies for export.

The company plans to invest US$ 10.5 million to set up a manufacturing plant in the Export Processing Zone in Mirigama.

Aussee Oat Milling Pvt Ltd is a Joint Venture between Future Consumer Enterprise Ltd and SVA India Ltd, both public listed entities in India. The company is looking to set up the first state of the art Oat Mill in South East Asia to process oats from the raw form right up to the finished product.

Oats have a good demand in developed countries and the demand is growing in the South East Asian region and the company aims to be able to supply a superior quality product to all the surrounding countries. Sri Lanka being a logistical hub, they will be able to supply at good prices and a constant supply, the BOI said.

ColomboPage - Recent 10 Stories
Sri Lanka main opposition accuses Army of political campaigning for President, Army denies
-- [1 hour and 46 minutes ago]
Chinese firm to invest US$ 20 million for a saline production facility in Sri Lanka
-- [2 hours ago]
Opposition Presidential Candidate asks Sri Lankan President to stop violating election laws
-- [3 hours ago]
Sri Lanka's first mass media outlet for Muslims launched
-- [4 hours ago]
Sri Lankan court extends remand of 38 Indian fishermen till December 31
-- [5 hours ago]
Sri Lanka's John Keels in US$ 445 million deal with Standard Chartered Bank for development project
-- [5 hours ago]
'After 27 years, we gave you an election', Sri Lankan President tells North
-- [6 hours ago]
CA Sri Lanka, SEC honours top corporate leaders for demonstrating leadership excellence
Sri Lankan court sentences two Pakistani men to death for drug trafficking
Construction of houses for Sri Lanka landslide victims to begin today

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.