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
UNP ready to bring true political and social change to the country - General Secretary
-- [5 hours ago]
Sri Lanka's main Tamil political party to get rehabilitated LTTE cadres involved in political work
-- [5 hours ago]
No significant improvement in press freedom in Sri Lanka last year, ranks 141 in World Press Freedom Index
-- [9 hours ago]
Sri Lanka must work towards creating a better future for working class - PM
Sri Lanka arrests 30 Myanmar nationals fleeing India
Police to deploy over 7500 officers to beef up security for May Day rallies tomorrow
Sri Lanka Investment and Business Conclave 2017 to kick off on May 30 in Colombo
Sri Lanka university authorities decide to suspend scholarships to undergraduates protesting and boycotting lectures
Factories in Sri Lanka asked to generate their own electricity as dry weather continues
Sri Lanka Navy to release 100 acres of land in Mullikulam for people

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.