Sri Lanka’s Odel Plc, which is a member of Softlogic Holdings Plc, has acquired Cotton Collection Ltd from its founder Niloufer Esufally Anverally at a sum of Rs. 300 million.
The Ministry of Industry and Commerce in Sri Lanka has stated that preparations are being made to formulate a National Cooperative Policy in order to modernize over 14,400 cooperatives around the country serving eight million people.
Chairman of Sri Lanka’s Access Engineering, Sumal Perera has reportedly said that a transition from construction into a real estate firm is seeing early results with apartment and office pre-sales on track to bring more profits.
Sri Lanka’s Plantation Industries Ministry has reportedly received approval for new projects to improve coconut and rubber cultivation and revive production.
President of Sri Lanka Maithripala Sirisena has last week said that at present many projects are being implemented to change the fate of the farming community while uplifting the agriculture sector in the country.