Ceylon Fishing Industries Ltd
Ceylon Fishing Industries Limited (CFI Ltd.) registered in the General Register of Companies of the Democratic Socialist Republic of Sri Lanka (No. PB 4777) and it is incorporated under the Sri Lankan companies Act. No.7 of 2007. CFI Ltd. aims to become the top market leader in fishing industry and its related processes, thus making solid Sri Lanka self-sufficient as well as becoming an active player in the Export as regards the supply of fishing products. Sri Lanka will benefit beyond on double & triple from the project by CFI Ltd.: first from the economic point of view, create and expand several jobs and Social developments and a boom economic growth of national GDP, second, however, contributes to the development of the National Fishing Industry as a contribute for National Strategic Developmet, where the Sinhalese government, with special attention, through granting several incentives and initiatives of various kinds, It has implemented since 2005 for the country's economic recovery.
Proponent Subjects
Sheikh Ibn Riyal Meera Mohideen Bin Ismail, the Promoter, the founder and largest shareholder is engaged in the fishing industry since 1998; has acquired a broad knowledge and a solid twenty years’ experience in the Fishing and Aquatic Resources in Sri Lanka and not only that; He has visited over 38 countries, inspected various projects on fisheries and transactions involving boat building and fishing equipment. Qualified professional in the Industry from the point of view of Fishing, specialized and able to set up and manage the fish processing, Canning and fish Meal plant in Oluvil.
Currently CFI would wish to invest to set up a Fish Processing, Canning, and Fish Meal Plant by the site of its existing low - level facilities in Oluvil harbour Moreover, CFI will temporarily undertake on lease basis the Oluvil Fish processing plant including other facilities that will support CFI and also to settle all the unpaid loans with interest obtain for building the Fishing Industry, which was signed by the Nordea Bank and Sri Lanka Government. CFI guarantees to pay back the Loan by its own revenue that rapidly generate Income without depending on any sectors in Sri Lanka, and reduce the burden of our Government and provide the uncountable resources to the citizens belonging to the Democratic Socialist Re-Public of Sri Lanka.
The project is supported by the Sri Lanka’s Government through, initially, the location of the Oluvil Plant and a range of benefits and incentives that will encourage the establishment of the factory for the processing of the fished in semi-‐finished and finished product, in Oluvil, located in the East of the island, able to exploit economies of scale to meet the investors point of view the local population needs, especially in the area where the project will be located.
