Polish investor enters Sri Lanka organic fertiliser production venture

Colombo Commercial Fertilizers Ltd (CCFL) entered into a memorandum of understanding (MoU) with Polish venture capital firm Regina Purpurea Fundus (RPF), to establish preliminary parameters to form a joint venture for an organic fertiliser manufacturing operation in Sri Lanka.

This agreement sets in motion key strategic actions in the agriculture development policy of the country’s national policy framework (NPF) Vistas of Prosperity and Splendour, which calls for the sector’s steady transition into organic fertiliser produced domestically.

This immensely promising public-private partnership (PPP) was formalised in the presence of Agriculture Minister Mahindananda Aluthgamage, Agriculture Ministry Secretary Prof. Udith K. Jayasinghe, State Minister Shasheendra Rajapaksa and Secretary to State Minister M.N. Ranasinghe.

The MoU was signed by Polish entrepreneur Hubert Drabik, Founder and President of the board of RPF and CCFL Chairman Methsiri Wijegunawardana.

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