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Press briefing of Cabinet Decision taken on 2012-03-14
Increasing the Profitability of the Lunuwila and the Weerawila Fishnet Factories
- the three Fishnet factories at Jaffna, Lunuwila and Weerawila of Northsea Ltd. produce 600 MT. of fishnet per annum and can meet the demand of 12,000 fishermen throughout the country. The proposal made by Hon. Douglas Devananda, Minister of Traditional Industries and Small Enterprise Development, to increase the production capacity of Northsea Ltd. to 80% with funds amounting Rs.15 million to be obtained through a Bank loan, was approved by the Cabinet.