Sri Lankan organic companies shine at BioFach 2022.
Sri Lanka Export Development Board (EDB), together with the European Union (EU), Federal Ministry for Economic Cooperation and Development (BMZ), Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) and Import Promotion Desk (IPD), supported the participation of 11 Sri Lankan companies at the World’s Leading Trade Fair for ‘Organic Food and Natural Beauty’ – BioFach 2022 in Nuremberg, Germany recently.
While organic food production and trade is evolving into a rapidly growing industry across the world, Sri Lankan producers and manufacturers have found themselves in lucrative circumstances.
In spite of ongoing socio-political challenges, Sri Lankan producers and exporters continue to ensure the production and export of high quality, certified products.
Sri Lanka has also maintained a reputation in organic crop production among other producer countries, demonstrating great potential as a trustworthy, high-quality contributor to international organic food markets for over a decade.
It is in such a backdrop that Sri Lanka has participated in the BioFach 2022 expo. The selected companies had participated in a series of training and workshops carried out by EDB to advance their networking and marketing skills prior to the trade fair. According to reports, the participating Sri Lankan companies had showcased a wide range of agricultural products at the Sri Lanka Pavilion including a range of organic agriculture products such as food and beverages, spices, tea, coconut based products, fruits and vegetables.
The Sri Lanka Pavilion was ceremoniously declared open by EDB Chairman Suresh De Mel and IPD Head of Sourcing and Markets Judith Emmerling. De Mel had said at the opening, “It is encouraging to see the resilience and enthusiasm of the participants despite the challenging circumstances in Sri Lanka.”
More than 3,000 international exhibitors representing over 100 countries had attended this year’s BioFach, representing the latest innovations and trends within the organic food sector.
OSL take:
Sri Lanka’s food exports are a fast growing segment with much interest being shown in international markets for local food products. The many trade agreements as well as trade concessions enjoyed by the country have also helped boost Sri Lanka’s overall export industry. It is in such a backdrop that local authorities are looking at further expanding Sri Lanka’s exports sector through diversification, especially in agri and food exports. Therefore, Sri Lanka’s food export industry has become a growing sector with many business/investment opportunities that also cover the agriculture industry. With Sri Lanka working towards becoming an emerging business destination in the South Asian region, the expanding opportunities in the country’s food manufacturing and exports sectors present lucrative business/investment opportunities for foreign businesses/investors exploring opportunities. Foreign businesses could also look at forming partnerships or joint ventures with local businesses in the food manufacturing and exports sectors to expand operations.
| Article Code : | VBS/AT/22082022/X_1 |