17 January, 2021
The State Ministry of Company Estate Reforms plans to increase the rubber harvest in 2021 by 45 million kilograms and expects an income of Rs. 170 billion through rubber exports, the Sunday Observer Business learns.
Secretary to the State Ministry of Company Estate Reforms, Tea Estate Related Crops, Tea Factory Modernisation and Tea Export Promotion, J.M. Thilakarathna Banda said that the Ministry plans to invest Rs 1.9 billion on the rubber industry this year, focusing on providing subsidies to re-cultivations, new cultivations and fertiliser. The Ministry concluded preparing the annual action plan of developing the rubber industry, recently in Colombo with the participation of all government stakeholders of the industry. The action plan which runs parallel to the Rubber Industry’s Strategic Plan initiated by the ADB, suggests extending the rubber cultivation by 1,400 hectares.