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It is one of the main sources of foreign exchange for Sri Lanka and accounts for 2% of GDP, generating roughly $700 million annually to the economy of Sri Lanka. It employs, directly or indirectly over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. Sri Lanka is the world's fourth largest producer of tea.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Traditional Sri Lankan rice and curry. Sri Lankan cuisine is known for its particular combinations of herbs, spices, fish, vegetables, rices, and fruits.The cuisine is highly centered around many varieties of rice, as well as coconut which is a ubiquitous plant throughout the country.
Keells Food Products acquired D&W Foods Ltd in Pannala for LKR700 million in 2012. With the acquisition, the production capacity was doubled. D&W Foods Ltd is a Board of Investment of Sri Lanka-approved project that was set up as a joint venture with a Belgian company to produce Frankfurter sausages for the export market. [3]
Bairaha Farms is one of the LMD 100 companies in Sri Lanka. LMD 100 is an annual list of listed companies in Sri Lanka, and Bairaha Farms ranks 99th in the 2020/21 edition of the list. [7] Bairaha is the 66th most valuable brand in Sri Lanka in 2022. Brand Finance calculates the brand value of Bairaha to be LKR960 million, a 12% increase from ...
Lanka Milk Foods was ranked 84th on the LMD 100 list in 2023. LMD 100 lists quoted companies in Sri Lanka by revenue annually. The company slipped by five positions from the 2022 rankings. [12] Lanka Milk Foods' brand Lakspray ranked on Brand Finance's 100 most valuable Sri Lankan brands list in 2020.
Ceylon Biscuits Limited (branded CBL, commonly called Munchee) is a Sri Lankan food manufacturer, the maker of Munchee biscuits and one of the oldest biscuit makers in Sri Lanka. The company owns 60% of the domestic market share in Sri Lanka. [2] [3]
The 2021 rice harvest failed, leading to a $1.2 billion emergency food aid program, a $200 million income-support program, and "huge sums to import hundreds of thousands of tonnes of rice". [3] Rajapaska's "sudden and disastrous turn toward organic farming" was panned in international media and the policies were scaled back before the year was ...