Opportunity Sri Lanka | » Sri Lankan government stands firm on promoting only organic fertilizer for agriculture
Sri Lankan government stands firm on promoting only organic fertilizer for agriculture

Sri Lankan government stands firm on promoting only organic fertilizer for agriculture

The government of Sri Lanka has expressed its firm commitment towards the promotion of organic fertilizer for agriculture with the announcement of the revision of the ban on chemical fertiliser, permitting the import of chemicals for non-agricultural industries on prior approval by relevant authorities.
The revision was announced by Sri Lanka’s Imports and Exports Controller General Damayanthi S. Karunarathne.
The Sri Lankan government earlier this month banned the importation of chemical fertilisers, pesticides, and herbicides.
The permission to allow chemicals for the non-agriculture sector is following requests for the same and to ensure economic activities don’t get impacted, local media reports stated.
Controller General Karunarathne has stated that prior to the imposition of the ban, some fertilisers and pesticides had already been imported under the Import and Export Control Act.

“We have discussed with the Agricultural Department and other relevant agencies and identified the categories not covered by this and completely banned them. Apart from that all other identified chemicals have been placed under import control.
“Accordingly, these fertilisers or chemical pesticides cannot be used in agriculture. However, if there is a chemical required for another industry, it will be ascertained and steps will be taken in future to issue import licenses for the required quantity,” the Controller has been quoted as saying in the local media.

OSL take:

Sri Lanka’s agriculture sector has become a hotspot for business/investment opportunities, especially with the government’s decision to stop the import of chemical fertilizers and promote the use of organic fertilizer. Sri Lanka at present produces 1% of the country’s organic fertilizer requirement creating large business/investment opportunities for foreign businesses to engage in the manufacture of organic fertilizer in the country. Sri Lanka’s agriculture sector is also open for new solutions to use as alternatives to chemical fertilizers.

Share this:

Article Code : VBS/AT/20210514/Z_2

    For More Info and Help






    Leave a Comment