CFC becomes profit making venture again | Daily News
On Minister Douglas Devananda assuming duties

CFC becomes profit making venture again

Fisheries Minister Douglas Devananda inspecting one of the Ceylon Fisheries Corporation sales outlets.
Fisheries Minister Douglas Devananda inspecting one of the Ceylon Fisheries Corporation sales outlets.

The Ceylon Fisheries Corporation (CFC) has once again started to become a profit making institution after Minister Douglas Devananda has assumed duties as the Minister of Fisheries in November 2019.

“Furthermore, at that time, most of the 19 major sales outlets under the CFC were incurring losses. But due to decisive action taken by the Minister and the relevant authorities, 13 outlets are now making profits,” the Minister’s Media Unit said.

Moreover losses incurred have been reduced and action has also been taken to turn the remaining five loss making outlets into profit making ones, says CFC Managing Director Krishantha Rathnaweera.

He said that 317 tonnes of fish were sold during the time the previous Government was in power and this figure has now increased by a 100 tonnes. Action has also been taken to increase sales. It is also to be told that the request has been made for five more lorries. Also another 11 new sales outlets have been opened. Furthermore restrictions have been placed upon the importation of dried fish. The Ceylon Fisheries Corporation has also to increase local dried fish production and will take measures to start a production unit. Plans are also afoot to purchase Rs.4 million worth machinery required for this purpose.