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Thursday, 24 January 2013

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BOI project to produce tea for Chinese market

The Board of Investment (BOI) signed an agreement with Elpitiya Dianhong Jin Ya Tea Company (Private) Limited a joint venture between Elpitiya Plantations PLC (EPP), Sri Lanka, and Dianhong International Limited, Hongkong (DIL), a subsidiary of M/s Yunnan Dianhong Group Company Limited of China (DYGCL); for Growing, Processing and Marketing of top most high quality "Chinese Specialty Tea".

The project is planned to be launched in the up country tea estates which are owned by EPP. This high quality Chinese Specialty Tea is expected to cater to the high end market segment in Greater China. The project will pave the way for more foreign investment of this nature to the country with modern technology & machinery, which will expose more Sri Lankan tea products to the Chinese market.

EPP is one of the premier plantation companies in Sri Lanka which is presently managed by Aitken Spence Plantation Managements Ltd. Yunnan Dianhong Group Company Limited of China (DGCL) is the biggest private share holding Black Tea manufacturer in Greater China.

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