The government is poised to initiate a pioneering pilot project in the Anuradhapura district, earmarking a substantial investment of US $ 100 million to revolutionize agricultural practices. The requisite agreement has been formally executed with Navita Company of Portugal, signifying a milestone in the project’s progression.
With a total investment of US $100 million, each farming family stands to benefit from an allocation of US$ 6,000, facilitating the implementation of solar pumps and other energy projects for sustainable agriculture.
Under the guidance of President Ranil Wickremesinghe and with pivotal support from Mohamed Nasheed, this initiative underscores Sri Lanka’s dedication to addressing climate change and advancing sustainable
development. The execution of the project on the ground will be driven by the collaboration between the ‘Our Movement Lanka’ organization and Nativa Capital, with oversight from the Government of Sri Lanka.
Mr. Ruwan Wijewardene, the President’s Senior Advisor on Climate Change representing Sri Lanka’s Climate Change Secretariat, former President of Maldives and the Secretary General of the Climate Vulnerable Forum (CVF), Mohamed Nasheed representing CVF and Mr. Carlos Gomes Executive Director of Nativa, representing Portugal’s Nativa Capital, collectively signed the agreement, this afternoon (07) at the Precedential Secretariat.
This endeavor not only promises economic prosperity but also seeks to empower farming communities with innovative technology and sustainable practices. It is poised to create employment opportunities, attract
foreign investment, and fortify Sri Lanka’s agricultural sector.
Speaking at the ‘Collective path to a Stable country’ media briefing held at the Presidential Media centre (PMC) today (07) the Senior Advisor to the President on Climate Change, Ruwan Wijewardene stated
that The Climate Change Office of Sri Lanka, in partnership with the CVF and Nativa Capital of Portugal, finalized a Memorandum of Understanding (MoU) today in Colombo. This collaborative agreement signals a collective commitment to undertake a farming and forest protection project in Sri Lanka, with the aim of uplifting 15,000
farming families in the Anuradhapura District, meticulous selection has designated a subset of fifteen families and 15 acres for the pilot endeavour.
The Senior Advisor to the President emphasized that the inception of this project marks a pivotal stride towards fostering a robust export-oriented economy rooted in sustainable agricultural practices.
Mr. Ruwan Wijewardene elaborated that the pilot project will focus on the cultivation of chillies, water melons and tomatoes. Additionally, the investment company will facilitate market procurement related to
these crops.
Further expounding on the initiative, Mr. Ruwan Wijewardena, reiterated:
President Ranil Wickremesinghe’s initiative to modernize agriculture has attracted investment from a Portuguese company aimed at deploying advanced agricultural technology. With 15,000 families and an equivalent acreage already earmarked in the Anuradhapura district, the pilot project targets the involvement of 15 families across fifteen acres. Each family stands to benefit from an investment totalling approximately US $ 6000, which covers not only modern technical equipment but also addresses longstanding market access challenges
faced by farmers. Nativa, the investment company has committed to purchasing the produce generated by this project, thereby ensuring a sustainable market outlet.
