Mar 28, Colombo: With the target of 10 percent growth in the agriculture sector, the Sri Lankan government says it aims at achieving national food security, ensuring a reasonable price for agricultural products and creating an uninterrupted access to competitive markets both in Sri Lanka and abroad for value added agricultural products.
The Ministry of Finance and Planning said in a statement said Thursday that it is required to take further actions expanding the extent under cultivation, using high yielding seeds, utilizing efficient water management system, reducing wastage in transport and producing modern storage facilities to meet the above targets.
The Government development expectation is to transform from a net food importing economy to a net food exporting economy by exceeding self-sufficiency in grains such as green gram, cowpea and soya been in addition to rice, maize, black gram and production of chicken, eggs.
However, the local production of the three main food crops Potato, Big Onion and Dry Chili is not sufficient to meet the total consumption of the country and those have to be imported spending huge amount of foreign exchange.
In 2013, the expenditure incurred in importing those commodities is Rs. 19.104 billion, the Ministry noted.