Business
Bumper turmeric harvest at Kuruegala Plantations
By Randima Attygalle
Reputed for its core coconut plantation business yielding around 15 million nuts per year, Kurunegala Plantations Limited (KPL), a fully owned government company, is also well known for its intercrops.
Currently operating under the Coconut, Kithul and Palmyrah Cultivation Promotion and Related Industrial Product Manufacturing & Export Diversification Ministry, KPL recently gathered a bumper harvest of turmeric, earning a profit of LKR 11 million.
Turmeric is KPL’s latest commercial inter-crop joining pepper, cinnamon, cocoa, mango, dragon fruit, guava, mangosteen, cashew and rambutan. The success of turmeric is encouraging, especially in the aftermath of government’s import ban, says KPL CEO S.M.M. Samarakoon.
“Although turmeric was grown in a very small scale by KPL, this is the first time we did it in a bigger way with the assistance from the Department of Export Agriculture (DEA) which guided us from planting, providing technical know-how up to harvesting.”
“The maiden harvest of our first large scale cultivation is very encouraging. It is also aligned with government’s Saubhagye Idiri Dekma,” Samarakoon notes.
Five acres of KPL estate land in Kalawewa, Dodangaslanda, Kurunegala, Narammala, Dambadeniya, Attanagalla and Katugampola were planted with 3,600 kg of seed material.
“The harvest was 36,000 kgs and the highest profit per land unit was derived from our Kalawewa estate,” says Samarakoon. Encouraged by the performance, KPL has extended turmeric cultivation to 20 acres now.
Turmeric is an ideal inter-crop with coconut and mangoes Samarakoon points out. “Out of our 12,250 acres of land, we maintain 9,000 acres of coconut and there is ample space between coconut palms for turmeric.”
The turmeric seeds for their first large scale cultivation were sourced from Hasalaka says Samarakoon adding that under their joint venture with DEA (Department of Export Agriculture), they distribute seed material to other growers and nurseries.
An ideal smallholder crop, turmeric which thrives in the dry zone will help alleviate poverty, says the senior planter.
“The return on investment is very high and with proper irrigation facilities in place, farmers can plant it around the year without being confined to Yala and Maha seasons,” says Samarakoon.
Superior quality turmeric rich in flavour and pungency is now sold under the KPL brand and can be ordered through its webpage or facebook page.
Turmeric, as Director (Research), Intercropping & Betel Research Station, Department of Export Agriculture (DEA), Dr. H.M.P.A Subasinghe explains, grows best in Matale, Kurunegala, Kandy, Ampara, Gampaha and Anuradhapura and presently covers an area of over 1,420 ha. Although we used to import a sizeable amount from India, today imports are completely banned, he said.
To bridge the shortfall, DEA has taken several measures to expand local cultivation. These include providing subsidies for seed rhizomes, registering farmers producing seed material, technology transfer through training programmes and mass media, new planting programmes for expanding the cultivation and subsidies for sprinkler irrigation systems and post-harvest machinery.
DEA also assists growers with production of planting material through small rhizome cuttings and tissue culture. Machinery for processing including peeling, drying and powdering and making organic fertilizer recommendations are among services provided.
“Last year we exported 69.2 Mt of turmeric to Australia, Canada, France, Germany and the Maldives earning Rs. 86.3 mn.,” says Subasinghe. He says turmeric is an ideal inter-crop with coconut as comparatively a higher returns can be had by maximizing land use,”
Urging other potential growers to take a cue from KPL’s success story, Subasinghe cites good practices promoted by the DEA for results already obtained. Selection of healthy seeds, planting at the right time, land preparation with recommended practices, supplementary irrigation with sprinklers, moisture conservation practices and inter-cropping with coconut under shade (around 30%) are notable among them.
Sri Lankan turmeric is superior to Indian turmeric in many ways, notes the agriculturist. “Curcumin is the most important chemical component in turmeric and our turmeric has a higher curcumin content. While Indian turmeric contains 2 to 3.5% of Curcumin, local turmeric contains 3 to 7%. Sri Lankan turmeric also contains a higher level of flavonoid and oil.”
Besides being a flavouring agent, turmeric also has considerable medicinal properties. Notable for antioxidant and anti-inflammatory abilities, turmeric increases brain functions and lowers the risk of heart disease, cancer and Alzheimer’s disease, ayurvedic physicians say. It also has anti-ageing properties and maintains skin elasticity. Turmeric can also help reduce depression and keeps arthritis at bay.
Business
AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
Business
HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024
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The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”