HomeNewsPresident Wickremesinghe’s Call to Develop Sri Lanka’s Confectionery Sector

President Wickremesinghe’s Call to Develop Sri Lanka’s Confectionery Sector

Published on

President Ranil Wickremesinghe, speaking at the 30th Annual General Meeting of the Lanka Confectionary Manufacturers Association (LCMA) at Cinnamon Grand Hotel, Colombo, highlighted Sri Lanka’s potential in the confectionery industry. He urged local confectioners to explore international markets, emphasizing the success of Sri Lankan teas and cinnamon globally and encouraging similar efforts for chocolates.

Acknowledging the industry’s history and resilience, the President praised pioneers and urged the sector to aim for global recognition. He emphasized the need to explore export markets due to limitations in local expansion, citing the success of the Kandos factory in Malaysia as an example.

Addressing economic challenges, President Wickremesinghe stressed sustainable solutions, advocating for export-oriented strategies to overcome financial hurdles. He encouraged intercropping with cocoa and discussed plans for collaboration with cocoa-producing countries like Ghana and Ivory Coast.

The President outlined broader initiatives, including leasing state-owned plantations for food industry development and modernizing agriculture. He pledged government support for research and development, positioning the confectionery industry as a catalyst for economic growth.

Acknowledging the industry’s contributions to the economy, President Wickremesinghe presented awards to esteemed individuals, including pioneering founders. The Chairman of LCMA expressed gratitude for the President’s economic recovery efforts and emphasized the industry’s alignment with national goals.

Minister of Industrial and Health, Dr. Ramesh Pathirana, and other officials attended the event, demonstrating government support for the confectionery sector’s advancement.

LATEST NEWS

Restoring Investor Confidence: The Urgent Need for Policy Clarity in Sri Lanka

At a defining moment in Sri Lanka’s economic recovery, the focus has shifted decisively...

LOLC Strengthens Position as Sri Lanka’s Global Conglomerate with Record Operating Performance

LOLC Holdings PLC has reported a robust financial performance for the year ended 31...

SpaceX’s Million AI Satellites Plan Sparks Industry Debate

SpaceX’s Million AI Satellites Vision Faces Scepticism from Industry Experts A bold vision unveiled by...

Pan Asia Bank Records Historic Q1 Growth as Profit Before Tax Climbs 13%

Pan Asia Bank Delivers Record First Quarter Growth as Profit Before Tax Rises 13%...

MORE LIKE THIS

Restoring Investor Confidence: The Urgent Need for Policy Clarity in Sri Lanka

At a defining moment in Sri Lanka’s economic recovery, the focus has shifted decisively...

LOLC Strengthens Position as Sri Lanka’s Global Conglomerate with Record Operating Performance

LOLC Holdings PLC has reported a robust financial performance for the year ended 31...

SpaceX’s Million AI Satellites Plan Sparks Industry Debate

SpaceX’s Million AI Satellites Vision Faces Scepticism from Industry Experts A bold vision unveiled by...