IFCO to invest Rs 600 m for food processing plant
The International Foodstuff Group of Companies,
would invest Rs. 600 million to build a food processing and freezing
factory in Homagama and seven agricultural projects to cultivate
2,000 acres.
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Sri Lanka, Maldives to sign MoU on tourism
Sri Lanka and the Maldives would sign a joint
MoU to market the two countries as one destination for tourism.
Maldives Minister of Economic Development speaking to Daily News at
the opening ceremony of the 8th Hotel Asia Exhibition here, said
that the long proposed MoU was now very much on the table now.
“Talks in this regard were followed up with Maldivian Minister of
Tourism Ahamed Mohamed and Economic Development Minister Basil
Rajapaksa recently in Colombo.”
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Tea industry to reach $ 5 b mark by 2020
The year ahead will not be easy for the
country’s tea industry as sanctions in Iran, unrest in the Middle
East and the Euro crisis will have adverse effects. The way forward
will be to find new markets.
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