Apr 17, 2017

CFC to open fish processing plant

Ministry of Fisheries and Aquatic Resources development has decided to establish a fish processing manufactory with latest technology for fish export.

 This manufactory which will be established according to a proposal of Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera at the CFC premises in Mattakkuliya. The cost will be approximately Rs 75 million and it will be granted by the Treasury.

Fish processing industry in Sri Lanka is currently implemented successfully in a backdrop where EU fish ban was lifted and 32 non-functioning fish processing manufactories were re-opened which provide employment to a significant number of persons. Sri Lanka processes fish especially for Sushi and Sashimi, two popular Japanese dishes and it is highly popular in the international market. A kilogram of processed fish is generally sold at a high price of Rs 10,000.

Even though Sri Lankan fish products are highly demanded in the global market,  we are able to satisfy only 35% of the total demand. Thus, CFC’s approach to the fish processing industry will facilitate the supply of high-quality fish to the international market while giving the fisher community an opportunity to get a high price for their fish harvest. The Minister after an observation visit to the site of the proposed manufactory, instructed the Chairman of CFC to complete the construction within the next 6 months.

Fish export income of Sri Lanka last year was Rs. 1, 200 million and  a three-fold increase is expected this year, said the Minister.