Jun 19, 2015 (LBO) – Sri Lanka’s Hayleys Aquagri, a subsidiary of Hayleys Group with the United Nations Development Programme (UNDP) said they would support to expand seaweed farming in select islands in the Islands Jaffna District, a statement said.
Joern Soerensen, UNDP Country Director and Hayleys Agriculture Holdings, Managing Director and Executive Director of Hayleys PLC Rizvi Zaheed signed a Memorandum of Understanding marking the official commencement of the Project recently.
Through this partnership UNDP and Hayleys Aquagri will be collaborating in three islands, Analaitivu, Eluvaitivu and Nainaitivu, the statement said and Phase I of this project will provide livelihood opportunities for 40 families of which 8 are female headed households.
“This project will encourage communities to diversify their livelihood opportunities in an environmentally sustainable manner, based on a ‘Community-Based Aquaculture for Livelihood Diversification’ strategy,” the UNDP said in the statement.
In addition to business development support, Hayleys Aquagri will contribute their specialized technical support to the farmers enabling them to grow seaweed in a more efficiently and productively.
“Hayleys will also enter into buy back arrangements with each farmer to ensure a good price is given for the produce thereby ensuring a sustainable income for their families,” the statement said.
Hayleys Agriculture Holdings Limited initiated a pilot project of seaweed (Kappaphycus alvarezii) farming two years ago in the Mannar District to help fishing communities to rebuild their lives and generate a steady family income.
Hayleys is currently working with 250 fishing families and providing an alternative source of income.