Business
Major logistics companies urged to play a role in equitable distribution of agri produce

By Sanath Nanayakkare
Major logistics companies should step forward to transport and distribute the national agri food produce in a commercially viable manner to ensure that all parts of the country receive fresh produce in an equitable manner, Aruna Weerakoon, Chairman/Managing Director, Agro Culture Trends (Pvt) Ltd said addressing a press conference in Battaramulla recently.
Meanwhile, Waruna Madawanar-achchi, Managing Director, CIC Agri Businesses said although at times it is claimed that there was an excessive output of pumpkin which couldn’t be sold, he personally knew that half the country didn’t receive pumpkin because nobody came forward to transport it because it is a heavy commodity.
They made these remarks and a wide range of comments following the Annual General Meeting (AGM) 2023 of the Seed and Planting Materials Association (SAPMA).
“The urgent need to boost agricultural productivity and national food production for ensuring long term food security of the nation cannot be overemphasized. It is a well-known fact that a significant percentage of the population in the country is still incapable of meeting the required level of nutritious food to maintain their good health,” they said.
Responding to questions from the media on the private sector’s contribution to the national food production they said it was a useful question because certain sections of the media and vested interests keep criticizing them without actually knowing the true facts and data about the service they render to the agriculture sector.
“Today the private sector is accountable for total seed imports. We supply more than 75% of seed paddy, more than 80% of vegetable seed, almost 100% supply of maize seed, more than 50 percent of potato seed and 90% supply of planting material, they said.
“Seed is a vital input used in agricultural production and the increased usage of high-quality seed of superior crop varieties can be considered as the most effective and pragmatic way of enhancing crop productivity. This phenomenon is successfully practiced in many countries in the world. This vital input most often costs less than 10 percent of the total production cost and determines the efficient use of costly inputs like fertilizers. Seed supply, which includes both local production and imports, had been a government domain until the 1980s. During this period, seed shortages were frequently observed in the country during the peak harvesting seasons inconveniencing farmers and affecting food production. Due to heavy financial losses and supply disruptions the government decided to liberalize seed imports in 1984 with a view to getting the private sector involvement in the trade and this was followed by making a major policy shift in 1990’s to privatize the seed industry by offering many incentives to encourage private sector. With the state support and guidance, a couple of private seed enterprises have developed over the years and today the seed supply in the country has become a multi-institutional function involving public, private, and cooperative sectors relieving the heavy burden on the state coffers,” they said.
Responding to questions on the challenges of expanding the national seed supply, they said,” The inability to periodically upgrade technical knowledge of industry stakeholders, inadequate resources to expedite the development of high performing new crop varieties, attitudes of stakeholders and inability to develop public-private partnerships, ad-hoc regulatory changes, non-availability of accurate industry information to make management decisions and building public-private partnerships to make use of underutilized state infrastructure are the key challenges.”
Proposing the way forward for the sector, they listed out the following. A long-term policy to assure an uninterrupted supply of quality seed to farmers, a consistent policy to promote both local production and imports, avoiding ad-hoc regulations that create seed supply distortions, protecting both consumers (farmers) and genuine suppliers/producers, expediting the current variety registration process of the government, revisiting regulations that are prohibitive to industry development, enactment of breeder’s rights act to promote private sector plant breeding and programs to enhance farmer income by improving their productivity with the use of correct technologies including the increased use of quality seed.
Referring to PPP they said,” There are several limitations where each sector could contribute separately. The success of any National Seed Program depends on how best these two sectors could complement one another in delivering the final goal of increasing the availability and the usage of quality seed by farmers in the country.
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

HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
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.”