EU supports Sri Lanka’s Cinnamon development with IFC expertise

Date:

July 14, Colombo (LNW): The European Union (EU) has announced its support for Sri Lanka’s newly established Department of Cinnamon Development through the Export Agriculture in Sri Lanka project, as stated by the EU Delegation to Sri Lanka and the Maldives.

The EU’s statement highlighted that the International Finance Corporation (IFC) will contribute its expertise to enhance Ceylon cinnamon exports to premium markets by focusing on quality improvement initiatives.

The project aims to enforce quality standards, build the capacity of field officers and farmer organisations, and provide advanced technology to boost cinnamon production.

President Ranil Wickremesinghe recently inaugurated the Department of Cinnamon Development, which is dedicated to the cultivation and enhancement of cinnamon production.

This department seeks to increase cinnamon output by employing advanced techniques and support systems to elevate the industry.

During the inauguration ceremony, select cinnamon entrepreneurs were awarded Geographical Indications (GI) certificates.

These distinctions recognise the highest standards in cinnamon cultivation and production, setting a benchmark for quality and excellence in the industry, the EU delegation’s statement added.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka’s BIRDS-X DRAGONFLY Nanosatellite Set for September 19 Launch

Sri Lanka's BIRDS-X DRAGONFLY Nanosatellite Set for September 19 Launch

Sinopec Refinery Sparks Concerns over Sri Lanka’s Energy Independence

Sinopec Refinery Sparks Concerns over Sri Lanka’s Energy Independence

TAX Revenue Management IT System Flaws Threaten Billions in State Revenue

TAX Revenue Management IT System Flaws Threaten Billions in State Revenue

Spice Import Licenses Spark Fears of Backroom Deals and Industry Betrayal

Spice Import Licenses Spark Fears of Backroom Deals and Industry Betrayal