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10,000 hectares to come under maize cultivation in Mahaweli Zones

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Abandoned lands to be reacquired

State Minister of Mahaweli Zone, Canals, and Settlement Infrastructure Development, Siripala Gamlath, unveiled plans to cultivate 10,000 hectares of maize in Mahaweli Zones under the national food cultivation program ‘Vision of Prosperity’ launched by the President and the Prime Minister.

He said the government has taken a policy decision to suspend the import of non-essential food items. In this backdrop, moves are already underway to grow different varieties of food, including maize for which 10,000 hectares of land have been earmarked in the Mahaweli Zone.

The State Minister was addressing a group of representatives from farmer organizations in Mahaweli B Zone and some investors at a meeting to discuss prevailing issues, in Manampitiya, Polonnaruwa, last week.

“The annual demand for maize in the country is 500,000 metric tons. Of this, 250,000 metric tons are produced locally and my Ministry expects to supply 10% of the demand through the Mahaweli Zone. The balance has to be imported at a cost of Rs. 3 billion”, Gamlath noted.

The State Minister also participated in an inspection tour to review the progress of lands leased to large-scale investors in Welikanda, Aselapura, Ellewewa, Sinhapura and Punani in the Mahaweli B Zone.

During the inspection, it came to light that certain investors had not shown any interest in the projects. It was observed that these investors, who had obtained lands from the government for various agri-business projects, had abandoned them. This resulted in the lands remaining idle for years.

At this juncture, the State Minister directed the Director-General of the Mahaweli Authority, Sunil S. Perera to take over such lands.

He advised the Director-General to introduce a system to utilize the abandoned lands for productive purposes such as leasing them for cultivation to suitable investors or farmers.

It was also observed that certain investors have made the lease payments merely to hold on to the ownership but not put their lands into proper use. Certain investors have used only about 10% of the total land they obtained under the lease agreement.

The State Minister also noted with appreciation the investors who have fully utilized the lands they had obtained for projects.

Saying that abandoning Mahaweli lands in this manner is a waste of public property, Gamlath instructed the officers to properly scrutinize the projects in advance and allocate lands only to prospective investors in the future.

Mahaweli Authority Director-General Sunil S. Perera said that action has been taken to re-acquire 120 plots of land from a group of investors who failed to embark on viable projects or go in for any development activity so far.

He further said that 50 such blocks of land have already been allocated to different investors to begin development projects.

According to the Mahaweli Authority, 15,000 acres have been leased out to investors, farmer organizations and 806 other individuals for agricultural projects.

Deputy Director-General of the Mahaweli Authority, Engineer P. G. Gunapala, Director of Mahaweli Agriculture, B. Neville Rajapaksa, Mahaweli Project Development Director, Wasanthi Senevirathna, Mahaweli Livestock Resources Director, Thamara Priyadarshani, Director – Land, Asanka Gunasekera, Director – Land Use, Indika Jayawardana, Mahaweli B Zone Residential Project Manager, Sugath Weerasinghe, Mahaweli C Zone Residential Project Manager, Noel Jayasiri and several other officials also participated.



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Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament

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As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.

Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.

Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.

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Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026

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Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.

United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.

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Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.

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Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.

Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.

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