Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* France assists Sri Lanka with Euro 13.9 Mn soft Loan for dairy development
Wed, Dec 27, 2017, 07:42 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 27, Colombo: Marking the 45-year old development cooperation between the Sri Lanka and France, the French government has agreed to extend its assistance to Sri Lanka, by providing a Euro 13.9 million (approximately Rs. 2.514 billion) concessional loan for the implementation of Development of Six Mini Dairies Project.

The proposed project will include complete modernization of the pre-selected six mini dairy cooperative societies and organizations by establishing state of the art equipment chains to produce pasteurized milk and sterilized milk at a capacity of 4,500 liters per day.

The high-quality equipment will allow stable, homogenized and high-quality products with computerized monitoring. In addition, technical assistances will also be extended to dairy farmers in order to improve the breeding process by a French non-profitable entity and to carry-out a proper market survey on the dairy sector of Sri Lanka.

It is also expected that; this initiative will support the Government's ambitious target to achieve self-sufficiency in dairy production by 2020 and to contribute to closing the gap between demand for dairy and local supply.

Secretary to the Ministry of Finance and Mass Media, Dr. R. H. S. Samaratunga signed the relevant Protocol Agreement on behalf of the Government of Sri Lanka and Mrs. Isabelle MISCOT, Chargée d'affaires of the Embassy of France in Sri Lanka, signed the relevant agreement on behalf of the French Government on 27th December 2017.

Mr. Hervé Sarnelli, Economic Counsellor of the Embassy of France in Sri Lanka also participated in this event held at the Ministry of Finance and Mass Media.

 

ColomboPage - Recent 10 Stories ::
US assures continued support to Sri Lanka and expand bilateral partnership after quitting UNHRC
-- [25 minutes ago]
SAITM Medical faculty will be abolished after integration of students to KDU - Higher Education Minister
-- [2 hours ago]
Sri Lanka receives the US$ 584 mn third payment of Hambantota Port deal from Chinese company
-- [3 hours ago]
Sri Lanka committed to eliminate barriers to business environment, facilitate investments- Finance Minister
-- [4 hours ago]
IMF expects Sri Lanka's economy to gradually normalize but says vulnerable to shocks due to high debt
-- [5 hours ago]
Pakistan reaches out to uplift Sri Lankan youth through scholarships
-- [7 hours ago]
Sri Lanka government urges people to share information on missing persons with the OMP
-- [7 hours ago]
Striking postal employees to launch indefinite fast from today
Retired Senior DIG Ravi Waidyalankara re-appointed to head FCID
Commercial Bank adjudged Best Internet Bank in Sri Lanka for 3rd year in a row

Copyright © 2000, 2016 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.