Norway invests to develop agriculture in Moneragala
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Chairman/Director General Dhammika
Perera BOI presents the BOI Certificate of Registration to
the investors of Pure Nature Limited. |
The Board of Investment of Sri Lanka granted investment approval for
Pure Nature Limited to set up a project to cultivate and process fruits
in Havampitiya, Moneragala. Chairman/Director General Dhammika Perera
signed the agreement on behalf of the BOI and presented the BOI
Certificate of Registration to the investors.
The venture is an initial investment of Rs. 75 million, sponsored by
Norwegian investors. The project which will be based on the out-grower
farmer model will initially provide employment for 200 out-growers.
The venture expects to expand operations to an investment of Rs. 200
million providing employment for 1000 out-grower farmers in Havampitiya,
Moneragala.
The agri-forestry project would focus on growing Maize as the main
crop while growing seasonal crops such as Sesame and Soya. A plantation
will also be established on a 25 acre land.
He also said that Maize has a high local demand and that the company
expects to export to the European and US markets. Asia Plantation
Capital Directors Arne Fiortort and Arjuna Dissanayake signed the
agreement on behalf of the company.
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