BoI signs agreement with Rainbow Foods
The Board of Investment of Sri Lanka signed an agreement with Rainbow
Foods (Private) Limited. Chairman/Director General Dhammika Perera
signed the agreement on behalf of the BOI and formally presented the
investor with the BOI Certificate of Registrations.
The agreement with Rainbow Foods is for a project to undertake deep
sea fishing and processing of fish for the export market.
The venture will be sponsored by Rainbow Engineering and Supplies.
The project will be utilising 100 % local raw material and is expected
to operate with a monthly turnover of US $ 1 million.
Construction of the processing plant has already commenced and
commercial operations are expected to start in 6 months.
The venture is an investment of US $ 545,000 and will create
employment for an initial workforce of 20. The venture will be located
at Dankotuwa.
Director K. de Silva and Director N. de Silva signed the agreement on
behalf of Rainbow Foods. |