Home Business Six tea factories were shut this year so far – Minister
Business

Six tea factories were shut this year so far – Minister

Share
Share

As many as 213 tea factories had been closed down due to various reasons since 1986, said Minister of Plantation and Community Infrastructure Samantha Vidyarathna.

He told parliament that six of them went out of business this year.

From 2018, a total of 82 factories were shut, he said.

The reasons for their closure included management shortcomings, inadequate tea production, running at low capacities and government failures, he said.

The plantations ministry is taking measures to revive the tea industry from its present crisis, added Vidyarathna.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Business

EDB partners with ADB to formulate Sri Lanka’s National Export Development Plan (NEDP) 2025-2029

The Sri Lanka Export Development Board (EDB), together with the Asian Development...

Business

Electricity tariff hike threatens Sri Lanka’s tea industry competitiveness

The recent 15% increase in electricity tariffs has posed a serious threat...

Business

Sri Lanka boosts export footprint with organic growth and ethical manufacturing

Sri Lanka is making significant strides in expanding its export portfolio, particularly...

Business

Sri Lanka’s trade balance: Vehicle imports drive 29% surge in April trade deficit

Sri Lanka’s trade deficit has widened to USD 717.5 million in April...