Foreign direct investments are currently being received for village level agricultural products program implemented under the Grama Shakthi People’s Movement.
President’s Media Division said that a group of Swedish and Indian investors have shown interest to provide their assistance in establishing a Cassava (Manioc) Flour Plant and to promote the cassava cultivation in the country.
Under the Grama Shakthi program the cassava cultivation will be promoted mainly in the Polonnaruwa, Trincomalee, Batticaloa and Monaragala districts and it is expected to cultivate around 6,000 hectares of land.
In the proposed cassava flour plant the cassava purchased from the farmers will be turned into flour and it is also expected to produce sugar.
A large number of job opportunities will be created as a result of this investment and this process will help to reduce the high expenditure used for import of sugar, President’s Media division said.
The construction works of this new factory will commence this year with technical support from Sweden.
