Lanka-New Zealand tie - up for canned fish firm

COLOMBO: The Ceylon Fisheries Corporation recently signed a memorandum of understanding with a New Zealand firm for setting up a canned fish factory at Galle as a joint venture.

The factory will be setup on a 19 acre plot of land belonging to the Southern Development Authority, said Corporation Chairman W.A.J.E. Fernando.

The facility costing nearly million US$ 50 will produce about 105 metric tons of canned fish daily of which 10 per cent will be sold in the local market and the balance exported.

He said it is also hoped to produce about 45 metric tons of packeted fish and 90 metic tons of fish meal daily.