Aurganica Beverage targets Euro 90,000 forex from king coconut water exports Source:-dailynews Aurganica Beverage Company targets over Euro 90,000 annual forex income from king coconut water exports, Nihal Perera, Managing Director, Aurganica Beverages Company (Private) Limited said. “Since 2013 we have been exporting our value-added products to Germany, USA, Australia and other Middle Eastern countries with remarkable appreciation from foreign buyers.” “By now our regular export value is Rs 85 million and with the opening of the new Piliyandala factory this year we are targeting to increase this by 150 %. The new factory can process 20,000 king coconuts a day,” he said. A mechanical engineer by profession Perera served top companies before forming his own company.  In 1990 he joined Nihal Perera Renuka Group of Companies and worked with Dr. S. R.Rajiah then Managing Director of Coco Lanka, Jaela. “As the first factory manager, general manager along with the ...

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Ceylon Cinnamon receives GI certification from EU-by Chaturanga Samarawickrama Source:Dailymirror The European Union (EU) today handed over the Geographical Indication (GI) certification to Ceylon Cinnamon, as the Sri Lanka’s first GI-certified product.  An official ceremony to mark this unique honour took place between the EU Delegation to Sri Lanka and the Sri Lanka Export Development Board (EDB).  ...

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EDB to boost national logistics via marketing plan Source:- www.ft.lk Invites proposals by 27 August from eligible marketing agencies with PR skills to position SL as Indian Ocean maritime, logistics and distribution hub The Export Development Board (EDB) is accelerating efforts to develop a national logistics marketing plan involving digital and non-digital promotions to position Sri Lanka as the Indian Ocean maritime, logistics and distribution hub providing all services and facilities. As the apex State institution responsible for the development and promotion of exports, the EDB is inviting proposals from eligible marketing agencies with Public Relations (PR) skills to develop a national logistics marketing plan and implement digital and non-digital promotions. The marketing agency will be selected in accordance with the procedures set out in the guidelines for selection and employment of marketing agencies published by the National Procurement Agency (NPA). The consultancy firm will be chosen under the Quality ...

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Thrust sectors in Sri Lanka’s export basket record hefty growth- by Sanath Nanayakkare Source:Island Sanjaya Mohottala, Chairman of the Board of Investment of Sri Lanka (BOI) told The Island Financial Review yesterday that Sri Lanka’s exports have surged in the first half of 2021 as the economic recovery is springing back from the pandemic-hit, especially with the thrust sectors of the export economy showing notable resilience. “Exports across all sectors combined have grown by +30% on a year-to-date (YTD) basis compared to 2020. Together with the Export Development Board (EDB), our aspiration is to surpass the full year 2019 export performance by the end of 2021, given that 2019 was one of the best years recorded for exports in Sri Lanka,” he said. “We are happy to note therefore, that many sectors, especially the thrust sectors that the BOI has identified to drive the economy, namely; rubber, agri-processing, fisheries and ...

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Sri Lanka – An Emerging Economy in South Asia   By Abdul Raheem, Consul Commercial, SLCG/Sydney Sri Lanka has always enjoyed the benefit of its strategic location, being at the crossroads of the major global shipping lanes and the fast growing economies. Sri Lanka is at the epicentre of a substantial portion of the next 20 years’ of world economic growth. While the investment opportunities in various sectors are open, Sri Lanka has also put in place high-quality infrastructure to facilitate investment in the areas of specific investor interest. Moreover, specific investment zones, in the form of a mega industrial zone linked to the Hambantota port, the Colombo International Financial City (660 acres of reclaimed land, adjacent to the Colombo port), and specific new industrial parks targeting agricultural, manufacturing and IT exports represent the necessary backbone infrastructure for high-return generating investment projects. On IT/BPM sector, Sri Lanka continues to build ...

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