19 January 2012

Yalpanam Dairy, Kilinochchi, Launched by BoC & Cargills. Project Creates New Opportunities in Northern Sri Lanka

19th January 2012, www.dailynews.lk, By Sanjeevi Jayasuriya

The Yalpanam Dairy Ltd, a joint venture between the Bank of Ceylon (BoC) and Cargills Ltd was launched yesterday.

Chief guest of the event Central Bank Governor, Ajith Nivard Cabraal said that projects of this nature should be encouraged as they would help to breach regional disparities. He also said that these projects would help conflict areas to return to normalcy sooner than expected.

He also said that these projects create new opportunities and also help people to obtain gainful employment The joint venture will first function as a milk collection centre and it would soon be upgraded to a processing plant.

One of the biggest advantages of this project is that the supply and demand situation is equally met with adequate supply of fresh milk and a readymade market being created through Cargills outlets.

Bank of Ceylon Chairman Dr. Gamini Wickramasinghe said that they are now planning to expand this project and is looking at importing a ship load of milch cows from India to be given to farmers in the area in a bid to increase capacity.

"We are also looking at promoting organic farming in the area," he added.

Central Bank Governor Ajith Nivard Cabraal and BoC Chairman Dr Gamini Wickramasinghe hand over a cow to a dairy farmer in Killinochchi at the foundation laying ceremony of the Yalpanam Dairy Industry. Image Courtesy : www.island.lk, Pic By Sajith Jayasekara.

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