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    Special Rice Noodle producing factories under Korean assistance

    July 06, 2015

    The Agriculture Ministry has signed an MoU to establish rice flour noodles producing factories with the assistance of a South Korean-based company - KC Alliance.

    This special noodles product is cholesterol free, healthy, natural and provides a balanced diet, specially made for children and it does not contain any flavour enhancer. It is expected to introduce this noodles product with 200 different flavours to the local market at a fair price.

     

    It is planned to establish rice noodles factories covering all the districts and under the first phase of the project one factory would be established. All the factories will be established under the Board of Investment of Sri Lanka and it is expected to export 90 percent of the noodles production.

     

    The investment cost of the project has been estimated at US $10 million and it will be contributed by the KC Alliance.Also the South Korean government has taken measures to offer 51 per cent of shares to Sri Lanka.

    Last modified on Monday, 06 July 2015 14:41

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