Jazeema Agency Rice Mill Re-fit

Abstract

The project is to improve the Rice Mill that is already in operation at Kinniya by installing new rice milling equipment. There are huge areas of paddy in Kinniya and its surrounding areas.
The project will involve constructing a new building and equipping it for rice milling as well as having a yard and a store. This will enable the production of rice of a much higher quality (which can therefore command a premium price).

The rice from this mill will be marketed primarily in Trincomalee, but could also be marketed in Kandy and Colombo.
The total investment required to develop this project is in the region of Rs32million. Only 10% of the investment amount can be met by the proposer, so an external investment of around RS29million is sought.
On an annual basis, the mill will produce a net profit in the region of Rs4,800,000

Project Details

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