Sri Lanka, Sept. 17 -- The Board of Investment of Sri Lanka has signed an agreement with Suganth Seafood (Pvt) Ltd to set up a sea cucumber processing factory for the export market.

The agreement was signed on behalf of BOI by Susantha Ratnayake, Chairman of the Board and on behalf of Suganth Seafood (Pvt) Ltd by Suganthaseelan Aravinthan, Managing Director.

The project, with an initial investment of US$ 1.2 Million will be set up in Jaffna. The product sea cucumber is harvested mainly in the North and East sea belt by specially trained divers in the seabed and processed to the required dried stage in the State-of-the-Art factory which will be established in the Jaffna Peninsula.

Suganthaseelan said, "We focus on strict adherence to th...