Home Market Govt. to lease over 2000 acres of land to private investors to develop local dairy industry

Govt. to lease over 2000 acres of land to private investors to develop local dairy industry

  • 09 Sep 2021
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The government in a major drive to develop the local dairy industry and save around Rs 50 billion spent annually to import milk, has decided to lease over 2000 acres of state land to some selected investors to start modern dairy farms.



The Cabinet of Ministers this week approved a proposal presented by the Minister of Agriculture to provide presently unused lands belonging to the National Livestock Development Board (NLDB) and Janatha Estate Development Board (JEDB) to some selected investors.



The Presidential Task Force on Economic Revival and Poverty Eradication had submitted their proposals in this regard to the Board of Investment (BoI) to encourage local and foreign investors to improve local milk production.



The BoI, accordingly called for proposals form interested investors and the technical committee of the board thereafter submitted its recommendations to the Cabinet.



In terms of these recommendations approved by the Cabinet 700 acres of Nikaweratiya Farm belonging to the NLDB will be allotted to H B K I R International/Access Agro (Pvt) Ltd while another 60 acres will be given to Pesara Logistics Institute.



An allotment of 811 acres belonging to Galabodawaththa Estate and Mount Jean Estate of the JEDB will be made to Farm’s Pride (Pvt) Ltd.



Hillside (Agro) Pvt Ltd will be allotted 200 acres and 150 acres respectively from Delthota Estate and Great Valley belonging to the JEDB.



Another 250 acres belonging to Kottukachchiya Farm of the NLDB will be given to Gamma Pizzakraft Lanka (Pvt) Ltd.



Currently only about 40% of the Sri Lanka’s milk requirement id produced locally while the balance is imported mostly in the form of powdered milk.

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