FT Recall: What MJF said in 2009/10 Annual Report

Friday, 19 August 2011 06:34 - - {{hitsCtrl.values.hits}}

“The tea industry needs a stable policy, direction and expertise if it is to play a significant role in the economy. There is a desperate need for a TEA AUTHORITY which would be vested with full control over the industry, pursuing an astute 10 year plan.

The need to rehabilitate the industry - via replanting, factory development, legislation against rampant abuses by some producers and exporters and to provide an incentive package funded largely by a cess, targeted towards building fully Sri Lankan owned brand names, is a desperate need now.

A carefully managed replanting program will reverse the trend of decreasing crops; higher yields will also make prices more attractive to traders. The potential of our plantations has been unfairly discounted.

They are able to play a very significant role in our economy, if they are not taken for granted any longer.

I am confident that the new Minister of Plantations and the Chairman of the Sri Lanka Tea Board, who present a strong, capable team, will initiate action to help salvage the industry.”

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.