Sri Lanka offers state land to agribusiness in profit sharing deal

July 21, 2007 (LBO) – The Sri Lanka is ready to give free land to agribusiness companies for cultivation on a profit sharing basis, a government minister said Friday.

Minister of Agriculture Hemakumara Nanayakkara said the government was keen to meet the long-standing request by agribusiness for land from the government.

State Land

“The private sector is in the process of getting a great deal of land from the Nuwara Eliya district (in the central hills),” he said in a speech at the opening of the Ag-Biz trade fair for national agribusiness.

The trade fair and exhibition, organized by the National Agribusiness Council (NAC) and the Sri Lanka Food processors Associations (SLFPA), opened on Friday at the Sirimavo Bandaranaike Memorial Exhibition Centre.

The organizations represent entrepreneurs involved in planting and growing, to processing and packaging and machinery and equipment and service providers.

The trade fair covers a range of products and services from food and beverage products, food ingredients, and bakery products to retailing.
Nanayakkara invited entrepreneurs to contact the ministry to get their land requirements