Pelwatte Dairy launches first-ever pension scheme for dairy farmers

Wednesday, 18 June 2025 00:00 - - {{hitsCtrl.values.hits}}

Chairman Ariyaseela Wickramanayake

Managing Director

Akmal Wickramanayake

In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community.

Pelwatte Dairy, one of Sri Lanka’s foremost home-grown dairy brands, has long been a pillar in the push to replace imported dairy with locally produced milk, saving the nation billions in foreign exchange. Milk powder production is expected to increase by 80% upon completion of the new Kurunegala processing facility, supporting local demand and opening up new export opportunities.

This landmark pension initiative will benefit over 30,000 registered dairy farmers working with Pelwatte. Designed to offer financial stability post-retirement, the scheme ensures these vital contributors to Sri Lanka’s food security can live out their later years with dignity and peace of mind. Additional benefits will support health, education, and safety for the farmers’ families setting a new standard for agricultural welfare in the region.

“This is a defining milestone not just for Pelwatte, but for the entire Sri Lankan dairy sector,” said Pelwatte Dairy Chairman Ariyasheela Wickramanayake. “It is our corporate responsibility to safeguard those who work tirelessly to feed the nation.”

Managing Director Akmal Wickramanayake added: “We see this as more than a welfare initiative. It’s an investment in rural development, sustainable agriculture, and national economic resilience.”

Pelwatte Dairy’s dedication to strengthening local dairy farming has already translated into tangible economic impact. Monthly payments to dairy farmers exceed Rs. 2 billion, and the company has saved the nation over $ 400 million by reducing reliance on imported dairy products. The company’s growing range, including milk powder, butter, and ice cream has not only secured local market share in the face of stiff multinational competition but also broken into export markets.

This new pension scheme cements Pelwatte Dairy’s place as a pioneering force in agribusiness innovation, combining economic foresight with deep social responsibility.

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