Sri Lankan seafood exporter to commence operations in Oluvil Fisheries Harbour - Opportunity Sri Lanka
Sri Lankan seafood exporter to commence operations in Oluvil Fisheries Harbour

Sri Lankan seafood exporter to commence operations in Oluvil Fisheries Harbour

One of Sri Lanka’s abandoned fisheries harbours in the country’s Eastern Province is to be revived by one of the country’s largest sea food exporters, TESS Group. Accordingly, operations at the abandoned Oluvil Fisheries Harbour is to recommence, Chairman of Ministries Sectaries’ Union, Keerthi Sri Weerasinghe has been quoted as saying in the local media.
Weerasinghe has told Sri Lanka’s state owned English newspaper, Daily News that the TESS Group will first clear the sand dunes helping the opening of the now defunct harbor and will then operate the fish processing plant which was never used to date.
“It’s ironic to note that TESS was one of the contractors of the Rs. 16 billion Danish funded Oluvil Harbour project. It was initiated by former President Mahinda Rajapaksa in 2008 as a part of the Nagenahira Navodaya Development Programme and now TESS has come forward to help open the harbor,” he has said.
The abandoning of the Oluvil fisheries harbor had resulted in the loss of over 25,000 livelihoods and around 200 fishing vessels were stuck in the harbor, according to Weerasinghe.
Following media reports on the plight of the abandoned Oluvil fisheries harbor, Sri Lanka’s President had expressed keenness to re-commence the harbour and the country’s Prime Minister Mahinda Rajapaksa has appointed a committee to expedite the re-opening.

OSL take:

The recommencement of operations of the Oluvil fisheries harbour in Sri Lanka and it’s fish processing plant will result in a growth of business/investment opportunities in Sri Lanka’s fisheries sector. Sri Lanka’s fisheries sector is currently being promoted as an industry with much growth potential. Sri Lankan authorities have also increased the tax on imported fish in a bid to support the local fisheries sector. Foreign businesses/investors could therefore explore business opportunities in Sri Lanka’s fisheries sector.

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Article Code : VBS/AT/20200310/Z_7

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