Deal inked for Sri Lanka’s first offshore fish farm

An agreement was signed by Irfan Thassim, Founder and Director of Oceanpick and Dr. Lakshman Jayaweera, Chairman of the Board of Investment of Sri Lanka to embark on Sri Lanka's first ever oceanic farm for finfish project.

Oceanpick is set to embark on Sri Lanka’s first ever oceanic farm for finfish this August. The project aims to focus on “responsible farming” of high quality marine fish, providing a platform to cater to a growing appetite for quality seafood without overly pressurizing wild stocks. As per FAO statistics, nearly 50 percent of fish production worldwide comes from farmed sources, where as Sri Lanka lags far behind in reaching a sustainable equilibrium and relies 90 percent or more in wild capture, thus risking depletion of wild stocks beyond sustainable levels in the longer run. Oceanpick hopes its endeavors will trigger a change that will lead Sri Lanka in the direction of reaching a more equitable balance.

Click here to read the full story from Lanka Business Today >

Subscribe

Want seafood news sent to your inbox?

  Subscribe to SeafoodSource News

None