Sri Lanka’s National Aquaculture Development Authority (NAQDA) has revealed plans to culture red tilapia in cages in a bid to tap into the large US market for the fish.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The project, which has been facilitated by a US$3.5m investment by an unnamed Malaysian company, is expected to create 500 new jobs when it is formally launched in October.


Ari Kannangara, chairman of NAQDA, told a local paper: “The US is the biggest market in the world for red tilapia while Europe is another potential market.


“With the investment from the Malaysian company and their technical know-how we hope to tap these markets.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now