Srilanka government is reviving the Kantale Sugar mill to increase sugar production in the country. The mill stopped operations 30 years ago. The mill is likely to start operations in August again and is expected to make the country self-sufficient in sugar.
According to the media report, the machinery for sugar mill will be imported from Israel. The factory aims to produce sugar for domestic consumption and will later look for export to generate revenue. It also plans to generate power from sugarcane waste.
Along with sugar production, the mill plans to produce ethanol to reduce the import cost. The multi-functional project will be funded by a consortium of Israel, London, Singapore and Sri Lankan investors who were ignored by the previous government despite having obtained all the BOI and other approvals.
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