Connect with us

Business

Government support for value added Ceylon Tea

Published

on

By Steve a. Morrell

Government support will be extended to the tea industry to enhance the Ceylon Tea brand. Efforts at value addition to local teas, alongside research and manufacture of tea by products will also be encouraged, Minister of Plantation Industries Dr. Ramesh Pathirane said. He was addressing the 126th AGM of the Colombo Tea Traders Association recently as Chief Guest.

However, the Minister was intensely critical that some tea factory owners were involved in the dubious practice of adulteration of tea in their factories. He said the President, being personally aware of this questionable practice, warned such persons that strong deterrent action will be taken to arrest such practices that seriously affect the prestige of the Ceylon Tea brand.

‘However development of the tea trade includes all aspects of marketing. Tea in a major contributor to foreign exchange. It was also of concern that Ceylon Tea was the most outstanding tea producer in the world in terms of volume in the 1930s but had now slipped to being the 6th largest producer of the product. We must regain our top slot position in production. Replanting should be increased along with provision of technology to achieve these goals. The President, being aware of the importance of the industry to the economy of the country said support to improve Ceylon Tea in all its aspects would be forthcoming, the minister said.

State Minister, Company Estate Reforms / Tea Estate Related Crops, Tea Factory Modernization and Tea Export Promotion Kanaka Herath said modernization of the tea industry is imperative. Value addition would also be vital to the industry’s future.

Chairman CTTA, Jayantha Karunaratne, in his annual report said the tradition of conducting the Colombo Tea Auctions over the past 125 years through an outcry system in the sales rooms of the Ceylon Chamber of Commerce commenced in 1894.

‘Since then the auction continued until restrictions were imposed by the COVID 19 pandemic. This necessitated the introduction of an e- auction system to ensure that there would not be any interruption to the movement and export of tea. The tea industry in all its sections from producers, brokers to shippers, was united in its endeavors to ensure there was no breakdown that could stifle normal functions in the industry, the chairman added.

‘The ‘Ceylon Tea Road Map’ initiative with the Ministry of Plantation Industries would ensure effective progress of the industry to produce 350 million tea kilos over the next 10 years, resulting in the industry earning 3 billion dollars. Also such progress would include benefits to smallholders and workers on the plantations, he said.

Chairman, Tea Board, Jayampathy Molligida said Tea prices at the Colombo auctions were stable and on the increase. He commended the CTTA for their leadership to ensure the Ceylon Tea brand would continue with its positive trends.

President, Asia Siyaka Tea Brokers Anil Cooke also spoke.



Continue Reading
Click to comment

Leave a Reply

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

Business

Dialog Enterprise introduces Dialog SmartLife App for Three Sinha roller doors

Published

on

Manjula Ariyakumara, Managing Director of Three Sinha Group of Companies and Navin Pieris, Group Chief Officer - Dialog Enterprise of Dialog Axiata PLC

The Three Sinha Group, a leading roller door company in Sri Lanka, has teamed up with Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, to launch a smart roller door controlled via the Dialog SmartLife App. This app enables users to control and access roller door services conveniently from their smartphones. Customers who use Three Sinha roller doors simply need to download the Dialog SmartLife App on Apple App Store and Google Play Store on their smartphone to operate the roller doors from anywhere.

“This is another important step in that process, and we are pleased to partner Dialog Enterprise to provide customers with a future-fit solution. I invite our customers to become a part of this experience”, said Manjula Ariyakumara, the Managing Director of Three Sinha Group of Companies. “As expounded by our brand ethos ‘The Future.Today’, Dialog is continuously seeking avenues of incorporating communication technology into many service areas and product offerings. In line with this vision, we are delighted to partner Three Sinha, a leading Roller Door company in Sri Lanka”, stated Navin Pieris, Group Chief Officer – Dialog Enterprise of Dialog Axiata PLC

Continue Reading

Business

BOI launches long term residence visa programme for investors

Published

on

Investment Promotion Minister Dhammika Perera and BOI Director General Renuka M Weerakone with Hajar Alafifi Laadel, Chairperson and Managing Director, Unilever, Sri Lanka ltd

The Board of Investment (BOI) recently launched the five-year residence visa program dedicated to investors, stakeholders and BOI enterprises.Issuing long-term visas for investors has been the practice as per the international standards. On par with matching the international benchmark in respect of ease of doing business, the BOI has decided to launch this program to attract more investors to the country.

The long-term visa program, a long-felt need, primarily aims to facilitate the investors who wish to embark on a journey with the BOI.The BOI annually issues 7500-8000 visa recommendations for investors, employees and dependents.The BOI has granted visas for foreign nationals from 109 countries such as India, the United Kingdom, Japan, Korea, Malaysia and Pakistan which represent the most applicants based on last year’s statistics.

Addressing the gathering, Investment Promotion Minister Dhammika Perera said “The happiness on the faces of those investors present at the occasion, implies that the newly launched visa residence scheme is a success,”

“Before the implementation of this program, they had to go through a long documentation process every year to get these visas,” he pointed out.

“Having understood the prime need to provide a seamless and convenient service for investors, we have launched the new program albeit I have not officially assumed duties as the Investment Promotion Minister,” Perera highlighted.

BOI Director General Renuka M Weerakone stated “It is certainly a pleasure to see all our long-standing investors on this special day of launching the long-term residence visa program for investors.

“You all have been the contributors towards 65% of export earnings to Sri Lanka and have stood by us even in times of difficult periods that our country faced, which we wish to acknowledge with great gratitude,” she underscored.

Continue Reading

Business

People’s Bank commemorates its 61st anniversary

Published

on

People’s Bank, held a modest ceremony to on 1st July to commemorate their 61st anniversary at the bank’s Head Office in Colombo 02. Chairman of the People’s Bank Sujeewa Rajapakse and CEO/General Manager Ranjith Kodituwakku addressed the staff at this event.

In addition, Religious programs were organized by the Buddhist Association, Hindu Association, Muslim Majlis and the Christians Guild of the People’s Bank to invoke blessings on the country, the people, the customers and the pioneering leaders who have contributed to establish the People’s Bank.

Accordingly, a Pirith chanting was held at the Head Office which was followed by an alms giving at Sambodhi Viharaya in Fort with the patronage of Chief Incumbent Most Ven. Professor Iththademaliye Indhasara Thero. Hindu pooja was conducted by Sri Nivasa Kurukkal, Bambalapitiya, Islamic Service conducted by Deshabandu Al Haj Faisal Hassan mowlavi at Dawatagaha Jumma mosque in Colombo and the holy mass was conducted by Rev. Father Anton Rohitha at St. Philip Mary’s church in Pettah.People’s Bank Corporate and Executive Management, bank staffs and retired employees were also present at the occasion.

Continue Reading

Trending