Wednesday, October 19, 2016

Sri Lanka To Be Self Sufficent In Sugar Production By The Year 2025-Finance Minister

A programne will be implemented soon which  enable Sri Lanka to  self sufficient in Sugar Production by the year 2025 according to the Minister Of Finance Ravi Karunanayake.

Under the first step of this programme 50% of the  total sugar requirement in the country will be locally produced by the year 2020 the Minister has stressed.

Fifteen Factories will be established in the country in view of promoting sugar cane production and to increase the sugar production in the country he has stated.

The annual consumption of sugar in Sri Lanka is 700,000 metric tonnes but the annual local sugar production in the country is 56,000 metric tonnes it has been revealed.

Through production of  sugar requirement  in the country locally can be saved Rs.35 billion annualy  which spent to import sugar to Sri Lanka  Finance Minister has said.


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