Business
Pelwatte Dairy hails govt’s proposals aimed at developing dairy industry
Pelwatte Dairy Industries, the local dairy giant consents to the budget 2021 tabled recently, and it expressed its appreciation towards the measures proposed to uplift the dairy industry and the local food production as a whole.
It believes that they will further support Pelwatte’s mission of significantly contributing in the upliftment of all the stakeholders in the value chain; nurturing economic growth and importantly the well-being of the public.
Pelwatte Dairy remains highly committed to the sustainable growth of the dairy industry in Sri Lanka and seeks to steer this growth by empowering the farmers and their communities. Its ultimate goal since inception has been to make the country self-sufficient in milk production.
The company is exceedingly eager to work hand in hand with the government and other stakeholders in the realization of this national goal. It believes in expanding its nutritious value additions around the country, and in doing so, wishes to improve lives and build economies.
Pelwatte values sustainable practices that would be established in strategic frameworks that would create impact on lives. The company has identified that dairy development of utmost significance in the rural economies as it generates income and employment. It believes that the special loan schemes for dairy farmers with minimum interest will help families purchase dairy cattle, set up ecofriendly cattle sheds and purchase necessary equipment for sustainable dairy farms and production.
The proposals also include importing of potential dairy cows which would have a dairy yield of around 22 litres a day. This will be further reinforced by the concessions on establishing nutritious pasture cultivations. This will help the company increase its network of farmers and support in the deliverable visions put forth.
Pelwatte Dairy believes that the fiscal and monetary policy will support the cause. The proposals include several reliefs and benefits from tax holidays and concessions that will specifically help develop the agriculture and dairy Industries.
The Strategic Development Act is to be imposed to provide benefits to several industries that includes dairy amongst others to increase its potential, especially in the changing landscape.
This is in addition to special Tax concessions for companies that are engaged in producing milk products for exports.The measures are also wired to support implementation of the latest technological practices and in the enhancement of milk products.
Commenting on the government’s measures in the budget to gradually improve domestic dairy production, Managing Director of Pelwatte Dairy Industries, Akmal Wickramanayake said, “Pelwatte has already pledged to boost the local milk industry to meet the domestic milk demand and uplift the socio-economic status of local dairy farmers. It will further support the economic ecosystem and recovery directly while boosting economic status of the farmers who are the most significant components of our value chain.”
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.
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.”
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