- February 16, 2023
- Posted by: David Benjamin
- Category: Spices, Essential Oils & Oleoresins
Sri Lanka’s Spices, Essential Oils, and Oleoresins industry has been a significant contributor to the country’s economy. The government has taken various initiatives to promote the export of spices and related products, which has helped the industry to grow and expand over the years. In this article, we will discuss the steps taken by the Sri Lankan government to promote the Spices, Essential Oils & Oleoresins industry.
- Introduction of New Technologies: The government of Sri Lanka has introduced new technologies to the industry to enhance the quality of the products being produced. This has increased the competitiveness of the products and helped to increase exports.
- Development of Infrastructure: The government has invested in developing the necessary infrastructure to support the industry. This includes roads, ports, and other necessary facilities that help to make transportation and storage of spices and related products easier.
- Support to Small and Medium Enterprises (SMEs): The government provides support to small and medium enterprises (SMEs) in the form of loans and subsidies. This helps SMEs to invest in new technologies and increase their production capacity.
- Promoting Brand Sri Lanka: The government has launched various initiatives to promote the brand “Sri Lanka” globally. This helps to increase the visibility of the country’s spices and related products and increases exports.
- Export Promotion: The government has taken various steps to promote exports of spices and related products. This includes participating in international trade fairs and exhibitions, providing market information to exporters, and offering training programs for exporters.
- Quality Control: The government has introduced quality control measures to ensure that the spices and related products exported from Sri Lanka are of high quality. This helps to maintain the reputation of the country’s products and increases exports.
- Encouraging Research and Development: The government provides financial and technical support for research and development in the spices and related products sector. This helps the industry to innovate and develop new products, which increases exports.
In conclusion, the government of Sri Lanka has taken various steps to promote the Spices, Essential Oils & Oleoresins industry, which has helped the industry to grow and expand. The steps taken by the government have increased the competitiveness of the products and helped to increase exports. The future outlook for the industry looks positive, with more opportunities for growth and expansion.
Take note:
- Introduction of new technologies
- Development of infrastructure
- Support to SMEs
- Promoting Brand Sri Lanka
- Export promotion
- Quality control measures
- Encouraging research and development