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* BOI signs agreement to set up a sea cucumber processing factory in Jaffna
Wed, Sep 16, 2020, 11:30 am SL Time, ColomboPage News Desk, Sri Lanka.

Sept 16, Colombo: The Board of Investment of Sri Lanka has signed an agreement with Suganth Seafood (Pvt) Ltd to set up a Sea Cucumber processing factory for export market.

Susantha Ratnayake, Chairman of the Board of Investment signed the agreement on behalf of BOI and Suganthaseelan Aravinthan Managing Director of Suganth Seafood (Pvt) Ltd signed on behalf of the company.

Susantha Ratnayake, Chairman Board of Investment formally presents the Certificate of Registration to Suganthaseelan Arvinthan , Managing Director Suganth Seafood

The project, with an initial investment of US$ 1.2 million will be set up in Jaffna.

The product Sea Cucumber is harvested mainly in the North and East sea belt by specially trained divers in the seabed and processed to required dried stage in the State-of-the-Art factory which will be established in the Jaffna Peninsula.

Suganthaseelan, Managing Director said that “We focus on strict adherence to the Government norms, Eco- conscious methodologies, transparent business practices and on time delivery.”

He further stated that the company intends to expand the business gradually thus providing more job opportunities to the local communities and enhancing their livelihood.

 

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