The Sirisena-Wickremesinghe Government’s Rural Economy Minister, P. Harrison, has chosen to revive a project initiated by the former Economic Development Minister, Basil Rajapaksa.
The reason, he says, is because the Government has given “high priority to develop the dairy industry” in Sri Lanka.
Mr. Rajapaksa’s proposal was approved by the then Cabinet of Ministers on June 5, 2014 and involved the import of 20,000 dairy heifers from Australia. For this purpose, his Ministry signed an agreement on October 14, 2014 with Wellard Rural Exports Pty Ltd of Australia.
Assistance for the import of these heifers is coming from the Co-operative Bank Rabo UA of Netherlands and the Export Finance Corporation, Australia. The loan extended is US$ 73 million.
The Cabinet of Ministers has given approval to go ahead with the project.
In 2013, 1,500 dairy cattle were imported from Australia.
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