BOI signs agreement with Janora Foods Industries

The Board of Investment of Sri Lanka signed an agreement with Janora Foods Industries (Pvt) Ltd on October 24. M M C Ferdinando, Chairman / Director General of BOI signed the agreement on behalf of BOI and Inoka Joseph, Chairperson signed on behalf of Janora Food Industries (Pvt) Ltd.

The agreement signed with Janora Foods Industries (Pvt) Ltd, for a project to produce fruit juice, fruit pulp, cut fruits, fresh cow milk and many other production of grain based in natural conditions.

The company will produce sterilized milk and pasteurized milk. The company will start production of milk related product such as yoghurt, flavored milk and milk sweets in the second phase of the venture. The products manufactured will be aimed at 100 % for the local market and will export their products to a European market in the second stage of the project.

This is an investment of Rs.100 million. The venture located at Walpita, Diulapitiya is expected to provide direct employment opportunities for a work force of 300.

BOI said "One of the key objectives of the government is to achieve food security and particularly self-sufficiency in the production of dairy products for which the country is still highly dependent on imported milk powder. Hence the BOI welcomes this project which will contribute to achieving this objective while also developing the local economy and uplifting our rural communities."

In the long term the establishment of collecting centres of Janora Food Industries (Pvt) Ltd will benefit the farmers by providing them with an easy accessible means to sell their products.