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. |