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Friday, January 21, 2011 - 05.11 GMT

High-tech rice milling factory opened


Sri Lanka yesterday (20) opened its first rice milling factory with the latest state-of-the-art milling technology in Veyangoda.

The Central Bank (CB) under its Viskam Loan Scheme has facilitated to set up the rice flour factory.

As estimated by the Department of Agriculture, the paddy production in the country will increase substantially once paddy lands in the Northern and Eastern provinces are cultivated totally. Hence, the excess rice production needs to be diverted to produce other value added rice based products in order to maintain market stability with a remunerative price for the farmers in the regions. Since it is believed that rice based products are healthier than wheat flour based products, establishment of rice flour industries would bring multiple benefits for the country, stated the CB.

Mr. Ajith Nivard Cabraal, Governor, Central Bank of Sri Lanka was the Chief Guest at the opening ceremony yesterday.






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Last modified: January 21, 2011.

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