Live
- WHOIS database: A new lead generation buzz for 2025
- Retail investors lost Rs 1.8 lakh cr in FY22-FY24 in equity futures and options: SEBI study
- NCLT issues notice to SpiceJet over another unpaid operational debt
- Sub-jr Men's Hockey National: T.N, Punjab, Manipur, Arunachal win on opening day
- Gujarat govt approves Rs 255 crore for road projects in Surat, Rajkot & Gandhinagar civic bodies
- Modi offers 'One Earth' India's expertise in eradicating poverty, bridging digital divide
- Pakistan appoints Lt Gen Asim Malik as new ISI chief
- War of words between ruling, oppn parties over Bengal flood situation continues
- Haaland throwing the ball at Gabriel’s head was a ‘coward’s move’: Arsenal legend Ian Wright
- Labour participation rate hits record 60.1 pc in India’s urban areas, employment rises
Indian seafood producer willing to invest in Lanka's aquaculture sector
An Indian seafood producer Coastal Corporation Limited (India) has proposed to invest in Sri Lanka\'s aquaculture sector to boost cultivation of aquatic plants that are needed for the highly demanded shrimp farming overseas.
Colombo [Sri Lanka]: An Indian seafood producer Coastal Corporation Limited (India) has proposed to invest in Sri Lanka's aquaculture sector to boost cultivation of aquatic plants that are needed for the highly demanded shrimp farming overseas.
Coastal Corp is one of the leading producers and exporters of high-quality aquaculture seafood products across the globe.
According to Colombo Page, the company's representative, D Titus Fernando said they are willing to invest USD 5 million in the cultivation of aquatic plants.
The deal was proposed when Fernando met with the State Minister of Fisheries and Aquatic Resources Development, Dilip Wedaarachchi.
The company is also ready to expand the mud crab aquaculture, Fernando added.
State Minister Wedaarachchi thanked the Indian businessman for investing in Sri Lanka.
Wedaarachchi said that since the government is encouraging direct investments, a program to encourage investment in the fisheries sector will soon be implemented.
