Sri Lanka awards contract to supply fertiliser for 2023 Maha season to a Singapore firm.
The government of Sri Lanka has awarded the contract to supply Muriate of Potash (MOP) fertiliser for the 2022/2023 Maha cultivation season to a Singapore-based company – Ameropa Asia Ltd. The proposal to award the contract was presented to the Cabinet of Ministers by Sri Lanka’s Agriculture Minister Mahinda Amaraweera and it was approved by the Cabinet.
“A total of 40,000 tons of MOP will be procured with the $ 50 million financial assistance provided by the Asian Development Bank (ADB),” Cabinet Co-Spokesman, Minister Bandula Gunawardana announced at the Cabinet press briefing.
The Government has stated that the company was selected following the recommendations of the Standing Procurement Committee appointed by the Cabinet of Ministers.
OSL take:
The impending food crisis in Sri Lanka has opened up new business/investment opportunities for foreign businesses/investors. The expanding opportunities in the country’s agriculture industry, especially in the supply of seeds, fertiliser, machinery and technical expertise have also received funding pledges from foreign multilateral donor/funding agencies. Therefore, the supply of fertiliser, which has been identified as an immediate need by the agriculture sector, is a new business/investment opportunity. The country is also looking at long term solutions to address the growing demand for food in Sri Lanka, indicating a growing trend in the opportunities in the agriculture industry. Foreign businesses could also look at forming partnerships or joint ventures with local businesses engaged in the agriculture sectors to expand operations.
| Article Code : | VBS/AT/010102022/X_1 |