Sri Lanka launches large scale green investment project of introducing cassava to international markets
The first ever large scale green investment project in Sri Lanka, which is aimed at introducing cassava (manioc) to the international market through a foreign direct investment (FDI) worth US$ 40 million, was launched on Tuesday (8) with Sri Lanka’s President Maitripala Sirisena laying the foundation stone for the industrial complex to be set up in the country’s North Central Provincial district of Polonnaruwa.
Starch Industries (Pvt) Ltd, which is a Sri Lankan agri-pharma company, in collaboration with the Gramashakthi Peoples’ Movement has launched this project in a bid to introduce cassava to the international market.
The construction work of the industrial complex is now underway in the Welikanda area in Polonnaruwa under President Sirisena’s Gramashakthi concept.
Governor of the country’s North Central Province Sarath Ekanayake, Starch Industries (Pvt) Ltd Chairman Andreas Wyk were among the invitees who attended the event.
OSL take:
The government of Sri Lanka has given priority to the introduction of good agriculture practices (GAP). Sri Lanka’s agriculture sector is constantly looking at upgrading the industry to be in line with foreign countries, thereby creating business/investment opportunities in the country’s agriculture sector.
| Article Code : | VBS/AT/15102019/Z_4 |