Indian firm to set up sugar refinery at H’tota Port

7 November 2012 11:26 am - 21     - {{hitsCtrl.values.hits}}

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India's Shree Renuka Sugars Limited is to set up a US$ 220 million sugar refinery plant at the Magam Ruhunupura Mahindaa Rajapaksa Port (MRMRP) in Hambantota, Sri Lanka Ports Authority (SLPA) said.

The firm yesterday signed a business venture agreement with the SLPA to this end for a term of 25 years.

The initial capacity of this plant is 2000 tons per day and it will be expanded up to 3000 tons per day subsequently. Raw sugar is expected to import by the business venture for refinement at this proposed plant.
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  Comments - 21

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  • Sirisena Thursday, 08 November 2012 06:12 AM

    Why are we having Indian Hindu companies investing in Sri Lanka? The Zionist-Hindu-CIA have been actively trying to destabilize Sri Lanka and only friends we have are Pakistan, Bangladesh, China, Saudi Arabia and other Gulf countries. We should cancel this project and award it to a Pakistani company which will at least use the profits to help the persecuted Muslims in South Asia. Sri Lankans should be scared of doing business with Hindu-Zionist companies which are only interested in making profit. What about the poor starving Palestinians and Kashmiri Muslims.

    Chandana Thursday, 08 November 2012 06:22 AM

    Don't trust Indians too much.

    RajasH Wednesday, 07 November 2012 05:11 PM

    capital of Australia is Canberra
    a barren land

    Professor Thursday, 08 November 2012 06:50 AM

    That is the reason Sevanagala sugar factory was taken over saying it was under performing.

    bigsam Wednesday, 07 November 2012 06:43 PM

    Yes but look at the terms - almost free rent and no taxes!

    Don Wednesday, 07 November 2012 06:46 PM

    Sugar canes from where?

    bandara Friday, 09 November 2012 07:59 AM

    sirisena, you seemed to be more concerned about Palestinians and Kashmirs than the starving people in your own country
    If the Pakistanis want to feed the persecuted muslims they can do so without having to set to a sugar plant in Hambantota, the fact is they do not and cannot, even their own people.
    First of all the Pakistanis should stop breeding terorists for export to the rest of the world and then the persecution will cease automatically

    Muthu Thursday, 08 November 2012 07:44 AM

    Now the Chinese will want to plant sugar cane. What happened to the factory taken over from Daya Gamage because of under performance.

    LankanLion Wednesday, 07 November 2012 10:47 PM

    Andare Seeni Kaapu Hati.... let's see who rolls in this sugar and lines their pockets

    Lobo Thursday, 08 November 2012 08:03 AM

    Its either the Indians or the Chinese......not much to choose from Mate.

    Kool Thursday, 08 November 2012 08:08 AM

    Well done Sri Lanka for driving a away all western investment which are more ethical and getting down Indian investment which is shaddy and provide plenty of deprivement to the Sri Lanka people.

    saman de silva Thursday, 08 November 2012 01:30 PM

    What about a LUNU LEWAYA the native Hambanthota business

    Cobra Thursday, 08 November 2012 01:11 AM

    I you want to seek your fortune, go to Hambantote at least you can throw a line and catch a fish for dinner!!!

    true sri lankan Wednesday, 07 November 2012 11:33 AM

    Hamhantota most happening place ha!

    Patriotic Thursday, 08 November 2012 12:00 AM

    Sri Lanka be carefully when petting the Indian snakes. via DM Android App

    kay parker Wednesday, 07 November 2012 12:41 PM

    What happened to ours?

    shihan Wednesday, 07 November 2012 12:43 PM

    Good for you. Banana Republic.

    unchikun Wednesday, 07 November 2012 12:49 PM

    Expect the price of sugar to go up in price soon to protect this factory.

    sara Wednesday, 07 November 2012 01:02 PM

    HAMBANTOTA, NEXT CAPITAL OF SL? WHY NOT, WELLL ORGANIZED CITY WITH MODERN AIRPORT & PORT, HOTELS, INFRASTRUCTURE ETC

    Yehiya Thursday, 08 November 2012 03:31 AM

    Suger is the major issue in Srilanka.The first thing is suger is contaminated with bacteria & virus due to poor shelf life n Sri lanka. health officers never done reachech on this area.

    Viraj Thursday, 08 November 2012 04:16 AM

    Do not believe Indian companies. They talk and sign agreements only and no more. All are show ups like their bollywood films.


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