$400M allocated for local fertiliser production

The Government decided to use the sum of USD 400 million allocated to import chemical fertilisers to produce organic fertilisers locally. Accordingly, funds will be allotted to build equipment needed for manufacturing fertiliser and tasked the Engineering Corps of the Army to build the machinery at the State factory in Kolonnawa.

https://ceylontoday.lk/news/400m-allocated-for-local-fertiliser-production

Ceylon Today

2021-06-06

Related News and Insights

SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

Find Out More

SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

Find Out More

Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

Find Out More

View All