Sri Lanka plans to achieve self-sufficiency in canned fish by end of the year
Sri Lanka’s State Minister of Ornamental Fish, Freshwater Fish and Shrimp Farming Development, Multiday Fishing, and Fish Exports, Kanchana Wijesekera has reportedly stated that the country is expected to become self-sufficient in canned fish within the next six months following the establishment of two new canned fish facilities.
State Minister Wijesekera has been quoted as saying, “With two new facilities in the pipeline, production of 350,000 cans per day will be reached in six months.” He has noted that the canned fish requirement per day in Sri Lanka remains at about 250,000 cans and the country therefore will be able to become self-sufficient in canned fish.
According to the State Minister, the local canned fish manufacturing industry was able to manufacture approximately 220,000 cans for the first time last week.
On the contrary, a few months ago, the manufacturing capacity of the aforesaid fish product remained, approximately, at a mere 60,000 cans per day, The Sunday Morning has reported.
Wijesekera has further stated that he had held meetings with the manufacturers who are involved in the said industry in order to discuss the objectives regarding canned fish manufacturing.
OSL take:
The plan by the government of Sri Lanka to develop it’s fisheries industry by uplifting the canned fish sector is indicative of an emerging business/investment opportunity in the country. Sri Lanka also earns a revenue through fish exports, which has been boosted by the many trade agreements as well as trade concessions enjoyed by the country. The emerging business/investment opportunities in Sri Lanka’s fisheries sector could provide opportunities for the discerning foreign businesses/investors.
| Article Code : | VBS/AT/20210616/Z_4 |