The rst phase of the project was completed with a US$ 4.5
million investment and a production capacity of 400 MT, but
the company plans to double the capacity to 1,500 MT in two
FinMin visits Barramundi farm
Finance Minister Ravi Karunanayake visited Oceanpick’s commercial
scale oceanic Barramundi farm in Trincomalee, during his visit to the
Eastern province to discuss budget suggestions with SME entrepreneurs.
The Minister met General Manager of Oceanpick, Fazli Nayeem, and Farm
Managers Daniel Richardson and Fayas Buhary.
Oceanpick is a joint venture between a host of Sri Lankan investors
including Aberdeen Holding, Chadstone, Kames of Scotland and well
supported with strategic banking relationship with Amana Bank PLC.
The initiative has received much impetus from the Fisheries Ministry
led by NAQDA, Sri Lanka Ports Authority and Sri Lanka Navy.
Oceanpick was set up in 2012 to pursue sustainable fish production in
Sri Lanka and has now elevated Sri Lanka’s standing in the world
aquaculture arena. The first phase of the project was completed with a
US$ 4.5 million investment and a production capacity of 400 MT, but the
company anticipates to more than double the capacity to 1,500 MT within
the next couple of years Oceanpick also received an award from President
Maithripala Sirisena at ‘Min Visithuru 2016’, an exhibition organized by
the Fisheries and Aquatic Resources Development Ministry along with the
National Aquaculture Development Authority (NAQDA) earlier in August.
The award was given in recognition of its status as the pioneer in
marine aquaculture in Sri Lanka and in appreciation of its contributions
to the aquaculture sector in the country.