Invest in Sri Lanka

Food Processing

Sri Lanka represents an excellent opportunity for food manufacturing and processing companies looking to benefit from shifting close to the growing customer base in Asia.


Potential areas for investment

  • Fruits and vegetables (Canned, frozen, juices, pre-cut and readymade salads, dried and dehydrated)
  • Aquaculture
  • Value added coconut products
  • Value added spice products
  • Canned/bottled products
  • Processed food
  • Confectionery and bakery products

Why you need to consider investing in this sector

  • Diverse range of raw products is available for processing
  • Sri Lanka has Free Trade Agreements with India, Pakistan and Singapore which provides duty free access for selected processed food products exported to these markets from Sri Lanka
  • Sri Lanka is a beneficiary of the GSP Plus facility offered by the European Union. Most of the processed food products have duty free/reduced duty access to the EU countries when exported from Sri Lanka.
  • Companies can operate as Board of Investment (BOI) projects and benefit from incentives
  • Income Tax rate applicable for export related earnings is half the general Income Tax rate
  • Good domestic infrastructure