A fibre glass boat builder, also manufacturing trailer covers and furniture at the Fullerton Industrial Estate at Kalutara has recently signed a BOI agreement to develop an export project targeting Europe and the Middle East where potential markets have been identified.

Danusha Marine Lanka Exports (Pvt) Limited, has plans for a joint venture with a reputed foreign company and is also applying for ISO certification of its products.

The company’s Managing Director G.S. Fernando and Mrs. Nilmini Fernando, a director, said that Danusha Marine will make an initial investment of Rs.25 million on this project.

The Danusha Marine group which was incorporated in 1990 currently has a capacity of over 50 boats per month exported mainly to European and Asian markets.

The company builds speed boats, leisure boats, transport vessels, fishing boats, kayaks and paddle boats as well as dinghies.

The new BOI approved company expects to commence production next February investing in an experienced team of professionals and state-of-the-art equipment.