The Ceylon Fisheries Corporation was established in 1964 under the State Industrial Corporations Act. No.49 of 1957 and commenced its commercial operations in 1965. At the commencement, the objectives of the Corporation covered the entire fisheries sectors. The objectives of the Corporation were given in the Extra Ordinary Gazette Notification, number 14186 01st October 1964 is mentioned below. The Corporation should directly or through authorized agents engage in fish production using trawlers in deep sea fishing operations. The Corporation should directly or through authorized agents engage in fish processing (canning and drying, processing) and in the production of fish by products. The Corporation should directly or through authorized agents engage in the distribution and sale of fish on wholesale and retail basis. The construction and maintenance of fishery harbours, anchorages inclusive of cold storage rooms. Import and sales of fishing gear and necessary equipments to the fisheries industry. The Corporation should act for and on behalf of the Department of Fisheries or any other Government Department for the purpose of development of the fishing industry. The construction of boats and small ships for the fisheries industry. To provide facilities for the repairs and maintenance of fishing boats. Manufacture and sale of fisheries equipments. The CFC is a Statutory Government Organization, which is fully owned by the State and has it’s unitary status as the apex body of the fisheries industry under the Ministry of Fisheries & Aquatic Resources Development.