Its chief executive officer, Tan Sri Khalid Ramli said Lada and a company specialising in marine fish farming, Aquagrow Corporation Sdn Bhd, had signed two agreements to develop the industry.
"In the first agreement, Lada leases three plots of land in the Ikan Bilis (anchovies) industrial area, Taman Nilam to Aquagrow to develop the first fish processing plant in Langkawi.
"The beach wil also be developed in Taman Nilam for its offshore cage operation near Pulau Langgun," he said at an agreement signing ceremony between Lada and Aquagrow, here Thursday.
He said for the second agreement, Lada would lease 30 units of unoccupied houses in Taman Nilam to Aquagrow as staff quarters for about 120 people.
AL :-Fish processing plant. Well, good idea. Its about demand & supply. Not sure whether the anchovies enough to cater the plant's need. Hopefully it will not be another White Elephant project... I pray for the succes..