Fishnet Factory in Jaffna to be developed with Indian assistance

Apr 28, Colombo: The Sri Lankan government is planning to obtain Indian assistance to develop and expand a damaged fishnet factory in the Jaffna peninsula.

The Cabinet of Ministers has approved a proposal made by the Minister of Traditional Industries and Small Enterprise Development Douglas Devananda to revive the Fishnet Factory at Gurunagar in Jaffna, damaged during the three-decade long war.

The government is to get Rs 152 million financial assistance from India under its small Grant Assistance Program to develop the factory to uplift the fishing industry in the North.

Fishing is the major source of livelihood of the people in Northern Sri Lanka and the industry has seen a revival after the end of the war in 2009.

The Government says the seafood production in Jaffna is expected to increase to 25,000 metric tons this year from 20,740 metric tons last year.

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