Connect with us

Business

Advancing the agriculture industry with agri entrepreneurship opportunities

Published

on

Sri Lanka boasts a rich agricultural history and a self-sufficient economy based on agriculture. For centuries, our ancestors depended on sustainable agriculture practices while agriculture remained one of the most important sectors of the economy.

In a country where the majority fared well in agriculture in the past, the population depending on agriculture at present has dropped to around 28% accounting for only 7% contribution to the GDP. These numbers reflect the recent decline in the agriculture industry and demands the need for a quick turnaround in its capacity to develop the country’s economy.

One major concern related to agriculture industry is the dearth in agriculture exports which can be addressed by motivating the farmers to produce value added agriculture exports while discouraging agriculture imports. “The value of agriculture exports as of today is around 20% of total exports which needs to be increased by initiating measures to increase local production and value-added products from crop yields. At present, the average harvest yielded from a paddy hectare is around 4 tonnes which could be maximized to around 9 to 10 Tons with a well-planned mechanism and the right investments. Sri Lanka is enriched with ample resources which are viable for agriculture such as a suitable climate, fertile soil and resources, hence it is a matter of initiating a proper mechanism which creates entrepreneurship opportunities and develop the industry to a level where it can thrive in both global and domestic markets” stated Priyanga Dematawa, Chief Operating Officer of DIMO Agribusinesses.

In this background, it is vital to promote agri entrepreneurship and encourage Sri Lankans, especially the youth, to engage in agri businesses. In promoting agri entrepreneurship, a collective effort is required from all sectors including both the government and private sector stakeholders to ensure that new technology and resources are available and knowledge about new farming techniques is shared among the farmers across the country. Streamlining agriculture through new technologies helps in improving productivity and reducing cost of production which will encourage more people to turn towards agriculture as a business, leaving behind the shadows of the ‘white collar job’ concept. The role of the private sector in developing the agriculture industry is vital with its potential to strengthen the supply and value chains, promote value additions, help in commercial and large-scale production and use new and existing resources to innovate new farming techniques.

“When talking about the role of the private sector, DIMO as a socially responsible corporate, has come to the fore in developing the agriculture industry with their agriculture arm DIMO Agribusinesses, having understood the importance of the agriculture industry for the development of the country’s economy. DIMO Agribusinesses is committed to supporting the industry in multiple ways and is in the process of bringing the latest agri technologies to Sri Lanka, sharing knowledge about sustainable agriculture practices among local farmers, introducing new crop care solutions, seeds, fertilizers, greenhouse farming and micro irrigation systems. DIMO’s Agri Techno parks engage in agriculture research and development, seed production, farmer education and training initiatives to support the growth of the industry.” he added.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

From Mt. Fuji to Sri Pada: Lessons from a father-son climb

Published

on

by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

Continue Reading

Business

FLIR, Marlbo promote smarter industrial maintenance

Published

on

Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

Continue Reading

Business

Lumbini Tea Valley wins intl award for Singharaja Wirytips

Published

on

Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

Continue Reading

Trending