Sri Lanka’s Dimo Agribusiness launches third Agri Techno Park in the hill country
Sri Lanka’s Dimo Agribusiness launches third Agri Techno Park in the hill country

Sri Lanka’s Dimo Agribusiness launches third Agri Techno Park in the hill country

Sri Lanka’s DIMO Agribusinesses, the agriculture arm of DIMO, has reportedly unveiled its third Agri Techno Park in Lindula establishing its presence in the hill country region.

According to reports, located in Hatton-Nuwara Eliya main road, this 25 acre multi-purpose property is equipped with tea plantation, cultivation tunnels, mushroom and vegetable production/processing facilities, well-equipped tissue culture laboratory as well as dry and cold storage.

The existing two DIMO Agribusinesses Techno Parks are located in Dambulla (mid-country) and Nikaweratiya (low country) mainly to carry out research and development, seed production, farmer education and training activities, local media reports stated.

Having successfully ventured into the Agri inputs market, DIMO Agribusinesses established these Agri Techno parks as collection, processing and storage hubs to enter into the value adding business in the agriculture sector.

Ranjith Pandithage, Chairman and Managing Director of DIMO has been quoted as saying, “This is a proud moment for DIMO as we are making another footprint in the value addition segment of the Agriculture sector while changing the agriculture landscape in Sri Lanka.”

“Few decades back DIMO entered into the Agriculture sector introducing agriculture machinery to the local market and a few years back we ventured into the agriculture inputs market. There is an immense potential for the Agriculture sector in Sri Lanka and it is important for DIMO to make its presence in the agriculture value chain in the country,” he has further said.

Outlining his plans, Priyanga Dematawa, General Manager – Agriculture Special Projects of DIMO has told the media, “The new Agri Techno Park will commence seed production, hybrid seed production, tissue culture plant production, and mushroom production, production of vegetables, fruits, flowers and tea production soon.”

These Agri techno parks act as regional model farms for optimization of technology in the Agriculture sector and technology transferring hubs for the farmer community in the respective region and are to be developed as research and development centres in the agriculture sector while introducing latest technologies in crop management and farming methods to the farmer community.

OSL take:

The agriculture sector has become one of the fastest growing economic sectors in Sri Lanka. Many local businesses have now ventured into the agriculture sector after identifying its business potential. The government of Sri Lanka is also encouraging investments to the country’s agriculture sector by providing incentives to investors. Sri Lanka is targeting to become self sufficient in its food requirements and exporting the surplus. Also, with the country engaged in modernizing the country’s agriculture sector, business opportunities in agriculture have further expanded. Foreign businesses engaged in the agriculture sector could explore business opportunities in Sri Lanka’s agriculture sector.  

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Article Code : VBS/AT/15072020/Z_3

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