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
Speaker accepts Sri Lankan PM's proposal to increase strength of Cabinet
-- [5 hours ago]
Australia, Sri Lanka navies in joint exercise enhancing defense ties
-- [5 hours ago]
JVP National List MP resigns from post
-- [6 hours ago]
Gotabaya Rajapaksa summoned to Presidential Commission of Inquiry for the second time
-- [6 hours ago]
Tamil party leader becomes opposition leader in Sri Lanka parliament
-- [7 hours ago]
Global Hindu-Buddhist Initiative on Conflict Avoidance and Environment Consciousness begins today in New Delhi
-- [7 hours ago]
Facets Sri Lanka 2015 gem and Jewellery show opens today
-- [8 hours ago]
Sri Lankan government seeks parliament approval for 45-member cabinet
PM discusses Sri Lanka Navy's strategies with Commander
Sri Lanka mulls restricting visitors to national parks to prevent animal deaths by speeding vehicles

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.