Fonterra to invest more in Lanka

Dairy conglomerate Fonterra has expressed its interest to invest in SriLanka in a big way in its efforts to help develop national dairy industry,Finance Minister Ravi Karunanayake said.

The company will focus on bringing more high yielding cattle and technology that can yield more milk. In addition the company is also looking to secure more land for livestock grazing.

The company will focus on helping farmers improve milk quality and operate their farming businesses more effectively and profitably introducing the best, most efficient system for the local climate and environment. “They have made a request to invest more and we have decided to provide necessary facilities for them to do that investment, the Minister said.

Fonterra group has been helping to develop dairy farming skills in the country for more than 15 years and is also focused on increasing investments.