Tuesday, October 20, 2020

Russian aid to improve Sri Lankan agricultural sector

 


Prominent agricultural institutions and industries in Russia have agreed to support the agricultural sector in Sri Lanka. This issue got highlighted during the site visits made by Professor M.D. Lamawansa, the Sri Lankan Ambassador to Russia, and his staff to one of Russia's most significant agricultural areas, the Kursk region.

 The facility's annual production capacity is 17,000 tonnes, which is the largest in Russia. LLC Mushroom Rainbow is ready to welcome an interested Sri Lankan to its facility on a study trip. With the foreign constraints imposed on the Russian economy, Russia has made a considerable effort to grow enough mushrooms for its consumers.

Such efforts have resulted in the establishment in several regions of Russia of large-scale mushroom growing facilities. The Kursk State Agricultural Academy, named after Prof. Ekaterina Kharchenko, was visited by Embassy workers. Over 130 education programs, including agricultural technology, veterinary medicine, engineering, and economics, are offered by the Academy.

The Academy is willing to sign a memorandum of understanding with Sri Lanka for collaboration. The Embassy delegation also visited the Federal Agricultural Research Institute in Kursk to address collaborative and joint research projects in areas related to Sri Lanka, such as soil conservation, land assessment, improvement of production, preservation of food, etc.

Before the visit, the Embassy received input from the Ministry of Agriculture of Sri Lanka, the Post-Harvest Institute, the Faculty of Agriculture of Sri Lanka, and the Hector Kobbekaduwa Agrarian Research Institute on areas critical to Sri Lanka. The visit will share with the agricultural sector in Sri Lanka, where the Embassy expected to meet with the Russian Ministry of Agriculture.

OSL Take: The scheduled global promotional campaign for tea would further improve Sri Lanka's rising tea market. All of this will increase the market potential of the tea sector of Sri Lanka. Sri Lanka's exports of tea will further support the several trade deals and trade concessions enjoyed by the government. Consequently, foreign companies/investors may explore opportunities in the tea sector of Sri Lanka.

The tea sector in Sri Lanka has seen continuous growth, with an increase reported in the export sector. There have also been several incentives provided by the government of Sri Lanka to promote the tea industry in the region. Foreign companies/investors may explore opportunities for business/investment in the tea industry of Sri Lanka.

 VBS/AT/20102020/Z_3TB

 

 

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