Inland Land available for High-Density farming and breeding of ornamental fish for the export Market. Dambadeniya, Sri Lanka.

The proposed project is an aquaculture project which mainly produces ornamental fish (mainly Guppy Fish) for export and local markets.

Introduction to the proposed project

The aquarium fish industry has become a valuable foreign exchange earner in Sri Lanka.

The Sri Lanka ornamental fish exports the international market including locally caught wild, marine, brackish and freshwater fish. Out of them, guppy ranks the highest (67%) of the freshwater species, hence guppy fish has a good demand in the export market and a great new demand for new varieties and several varieties of guppy.  

The Ornamental Fish Industry of Sri Lanka

The capture, breeding and export of ornamental fish is an important industry in Sri Lanka.

Sri Lanka is the 6^th ornamental fish exporter in the world. The growth rate of Sri Lanka aquarium fish industry is 4.7%.

Potential Market Analysis

Srilankan ornamental fish are exported to over 30 countries. 

Key markets are USA, France, Japan and Germany. 

Emerging Markets are Qatar and Canada.

Out of freshwater species exported from Sri Lanka, about 60%-70% consist of famous fancy guppies, highly recognized in international markets due to the strength and diversity of the particular fish species when compared to other exporting nations. So guppy is the main production target other than guppy discus fish varieties and angel varieties will be farmed as supportive products. The discus and angelfish have better demand in the local market.

Expected Total Investment Cost   Rs.7,000,000/- without the land                                  

IRR   24%

Payback period 3 years

Land Rent Option    -5 Acres –     USD  500/- (5 acres/ Per Annum) (20,000 Sqm2)

Investment for the Project         USD 37,500/- Total Investment                          USD 38,000/-