Global Ceylon SeaFoods signs USD 7.5 Mn fresh agreement with BOI

Global Ceylon SeaFoods (Pvt) Ltd., (GSF) leading seafood exporting company in Sri Lanka inked an agreement with the Board of Investment (BOI) to set up a sea cage farming project for the export market in Trincomalee, for an investment of USD 7.5 million.

The newly signed project is to generate nearly 100 employment opportunities. The agreement in this regard was signed in the presence of Investment Promotion State Minister Dilum Amunugama, BOI Chairman Raja Edirisuriya, Director General Renuka M Weerakone and Global Ceylon SeaFoods Director Per Marius Arntsen at the newly unveiled Investor Facilitation Centre (IFC) on Friday (28).

State Minister Amunugama said, “This marks the first agreement to be signed at the IFC, which was set up to expedite and streamline investment approval process while strengthening the coordination with respective line ministries,”

GSF is a BOI approved venture established in 1999, that supplies the high quality Value Added Seafood products to destinations such as Europe, USA, Middle East and Japan to name a few. GSF can be identified as a significant source of foreign exchange income earner in Sri Lanka.


by Daily News Sri Lanka

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