Sri Lankan Minister calls for comprehensive plan to boost agricultural production
Daily FT: The recently appointed Minister of Irrigation, Pavithradevi Wanniarachchi has emphasized the necessity of developing a plan to enhance the nation’s agricultural production in the upcoming year.
The Minister emphasized the need for a particular prominence on paddy production. She suggested the development of both short-term and long-term work plans to address the challenges faced by the entire farming community, including those in Mahaweli areas. Wanniarachchi made these comments after commencing duties at the Ministry yesterday morning. The Minister accepted the appointment and the relevant documentation was handed over to the Secretary of the Ministry U.D.C. Jayalal. She was appointed as the new Minister for Irrigation on Monday after President Ranil Wickremesinghe dismissed former Minister Roshan Ranasinghe from the post.
The Minister further engaged in a meeting with the ministry officials to discuss the forthcoming work programmed. She urged the officials to collaborate effectively as a Ministry and extend their complete support to her in her role as the Minister.
OSL take:
The ongoing economic activities and the overall expansion in Sri Lanka has resulted in the expansion of business/investment opportunities in the country’s agriculture industry. The steady growth in demand for food due to the overall expansion in the country’s economic activities as well as the potential for further growth in activities in the coming months and years indicate the growing business potential in Sri Lanka’s agriculture industry. Sri Lanka’s agriculture industry’s expansion is crucial to meet the growing local demand as well as the demand to diversify the existing export crop portfolio. Given all these, there’s a dire need for technical expertise, seeds and crops with a high yield as well as the need for state-of-the-art equipment and machinery required by the industry. The local businesses engaged in the many sectors under the agriculture industry have shown a steady growth through the years, even amidst challenging economic conditions, which indicates the growing business potential in the industry. Foreign businesses/investors could confidently explore the expanding opportunities in Sri Lanka’s agriculture industry. Foreign businesses could also look at setting up base in Sri Lanka by forming partnerships or joint ventures with local businesses engaged in the agriculture industry and engage in exporting crops using the many trade ties enjoyed by Sri Lanka with a host of foreign countries.
| Article Code : | VBS/AT/20231204/Z_2 |