Canada investor plans to grow coral reef in Sri Lanka as an export business
Mon, 2006-12-18 02:35
Sunil C. Perera - Reporting from Colombo
Colombo, 18 December, (Asiantribune.com): A Canada based company, Sea
Culture Ltd plans to breed Coral Reef in Sri Lanka .
The project is 100% externally funded by a group of investors from Canada
and the principle aim is to demonstrate that environmentally beneficial
methodologies can be used to farm coral, anemones, invertebrates, and other
marine wildlife that is in demand by the marine aquarium hobby industry.
According to the investors the company hopes to start its operation by early
next year in Sinnapaaduwa, Chilaw.
The company plans to invest US$ 200,000 initially and hopes to provide 56
employments to Sri Lankans.
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