Small and medium-sized enterprises are businesses that comprise a lower number of employees, assets, or revenues at a lower scale when compared to large-scale firms. The exact definition for an SME may differ based on the country. In Sri Lanka, a business is considered as an SME if its number of employees does not exceed 300 individuals and if its revenue does not exceed 750 million LKR.
Most developing nations around the world harness the potential of the country’s native creative industries in gaining economic development and empowering craftsman communities. Mostly involving traditional handcrafted products, unique to each country and region, many countries in Asia, Europe, Africa and South America have invested widely and heavily on their unique handcrafted products, that combine traditional knowledge, native skills and a wealth of indigenous resources.
The sector of agriculture that deals with the art, science, technology and the business of growing plants, is known as Horticulture. It differs from the alternative plant sciences and other studies of plants. Instead, it involves the incorporation of science and aesthetics. Cultivations that follow horticulture include fruit, vegetables, herbs, nuts, seeds, flowers, mushrooms, among others.
eCommerce is generally defined as the buying and selling process of products and services over the internet in a virtual market space. The growing phenomena have been making day to day matters much easier for a lot of people around the world for the past decade and have opened multiple revenues and business opportunities to many businesses.
Desiccated Coconut is a dried white, shredded particular manufactured from the peeled kernel of the seasoned coconut. It is used in the bakery and confectionery industry for ﬁllings for nut bars, cookies, biscuits, sanding of cakes, pies and other baked goods. Nearly 8000 nuts are required to produce 1 ton of desiccated coconut (DC).
Floriculture can be defined as the management of flowering plants, while foliage refers to the plant leaves. The practice of cultivating flowers and foliage for exports officially started in Sri Lanka back in the 1970s when it was identified as a potent export sector.
Clay is an eco-friendly material. It plays an important role in the environment itself by being a natural scavenger of pollutants. The natural source is structured in a way that it collaborates with water to increase its quality. As a result, clay is well known for its hygienic quality. This amazing material is moulded into different shapes and forms giving opportunity for hidden talents to find its way to the surface. Sri Lanka is a country that has a long history with such clay-based products.
Rice is the staple food of Sri Lanka and has been playing a huge role in everyone’s lifestyle for centuries. The rice cultivation has a long and parallel relationship with the country’s history and culture and Sri Lankan has practised an agriculture-based lifestyle for the past 3 millennia. According to the evidence collected through written history and archaeology, rice cultivation of the island goes back to the period of 900-600 BC.
Hailed as the Mythical Tarshish, Sri Lanka has positioned itself as the best country for sourcing precious stones. Around 90% of the country’s land is made of metamorphic rocks of the Precambrian age, approximately 25% of the total land is gem bearing, out of which most deposits are located in the Highland, Southwestern complex. Gem mining of Sri Lanka has a history of more than 2000 years.
The Sri Lankan apparel industry is one of the leading contributors to the Sri Lankan economy and one of the largest manufacturing sectors in the country, proudly manufacturing apparel and textile under the “Made in Sri Lanka” branding.
A supply chain is a sequence of processes and flows that aim at meeting customer requirements. Other than manufacturers and suppliers, the supply chain also includes transporters, warehouses, retailers, and consumers. It usually covers the areas of new product development, marketing, operations, distributions, finance, and customer service. These dots are connected through the threads of logistics.
Ceylon Tea is a widely consumed beverage around the world. For centuries, various forms of tea have been shaped and integrated into the cultures of nations across the world thanks to its unique flavours and medicinal properties.
Sri Lanka is a tropical country with rich biodiversity. Country’s inland waterways are home to more than 95 species of freshwater habitats out of 53 species endemic. Also, The continental shelf of Sri Lanka supports many reef habitats which house nearly 158 species that can be seen both on coastal and offshore reefs.
Activated carbon (AC) was first discovered by the Egyptians in 1500 BC, where its properties of absorption were used for purification and medicinal purposes. However, these potentials of activated carbon were first commercially capitalised during the First World War when it was used in gas masks to filter away toxic gases. The first AC production plant was commissioned in Germany and was used for sugar refining and was later used for wastewater purification.
Tourism Industry is one of the largest income earners for the Sri Lankan economy, bringing an income over USD 4 Billion in the year 2019.
Throughout history, Sri Lanka has been a magnet for explorers and travellers, who have marvelled at the country’s grand cities, stupas that kiss the sky, golden beaches, rising mountains, and dense jungles filled with exotic wild creatures.
Sri Lanka has a strong agricultural heritage that spans back to nearly three thousand heritage. Sri Lankan farmers have cultivated a diverse range of crops and have been actively breeding plant varieties that are more resistant to pests and diseases and have more nutritious and delicious yield.
Coconut water is a natural, healthy, and nutritious drink derived from the coconut tree, a permanent food staple and export crop in Sri Lanka.Rich with various nutrients, minerals, vitamins, antioxidants, amino acids, enzymes, and growth hormones, Tender Coconut Water (TCW) is also a rich source of L-arginine, which is a free form of amino acid and vitamin C that can prevent heart disease and lipid peroxidation.
Vanilla is the second most expensive spice in the world and the only orchid type that we use in food. Vanilla is grown mainly in Central Sri Lanka due to the cold climate and wet weather conditions. The plant is a member of the tropical climbing orchid family Orchidaceae. Even though Vanilla is native to Mexico, its cultivation the plantation has spread itself across the world with time.
As the world battles to control the spread of COVID -19, maintaining good hand hygiene has become vital to control the spread of the virus. The World Health Organisation (WHO), as well as other local health organisations, recommend washing hands with clean water and soap and use of alcohol-based hand rub to keep the hands clean and control the spread of the virus by touch.