February 27, 2012

Sri Lanka's poultry industry to be supported by state company

Acting on a proposal by the Minister of Livestock and Rural Community, Arumugam Thondaman, the Sri Lankan Government has approved the forming of Sri Lanka Poultry Development Company Private Limited to support the country's poultry industry.

According to reports, the National Livestock Development Board (NLDB) will purchase 49% of the shares of Sri Lanka-Libya Agricultural and Livestock Development Company Ltd (LANLIB), a Sri Lanka - Libya joint venture to form the new company.

LANLIB is a joint partnership company established in 1981 with 51% of the shares owned by the NLDB and 49% by Libya to carry on agricultural and livestock projects in Sri Lanka.