Sri Lanka’s National Aquaculture Development Authority (NAQDA) has revealed plans to culture red tilapia in cages in a bid to tap into the large US market for the fish.
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The project, which has been facilitated by a US$3.5m investment by an unnamed Malaysian company, is expected to create 500 new jobs when it is formally launched in October.
Ari Kannangara, chairman of NAQDA, told a local paper: “The US is the biggest market in the world for red tilapia while Europe is another potential market.
“With the investment from the Malaysian company and their technical know-how we hope to tap these markets.”
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