Sri Lanka, a tropical island in the Indian Ocean, is endowed with some of nature's most prized blessings. Even if an area of 65,610 square kilometres makes a relatively small country, owing to Sri Lanka's varied climate and topographical conditions, the country boasts a high level of biodiversity. Plants have been used for treating illnesses over a millennium by four systems of traditional medicine in Sri Lanka called Ayurveda, Siddha, Unani, and Deshiya chikitsa.
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.
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).
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.
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.
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.
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.
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.
Throughout the past decades, the export sector of Sri Lanka has seen rapid growth. Backed by government support, growing experience and expertise of local industrialists and exporters, increase in foreign investment to better utilization of local resources, has provided the exporter sector with a stronger foundation to conquer new global markets.
Price Waterhouse Coopers (PwC), one of the world’s four largest audit firms recently released a comprehensive report titled ‘COVID-19 Outbreak: Impact on Sri Lanka and Recommendations’ This blogpost seeks to encapsulate the insights revealed by PwC in the context of export businesses.
Sri Lanka, the celebrated Spice Island, is the proud country of origin of some of the world's highest-quality spices and is among the top spice exporting countries in the world.
To protect the integrity of Sri Lankan spice exports and provide a convenient mean of identification for spices made in Sri Lanka the Sri Lanka Export Development Board has acquired and developed the ‘Ceylon Spices’ brand and geographic indication for five types of spices exported from Sri Lanka, which acts as a proof quality and flavour that is unique to the terroir of Sri Lanka.
Ayurveda is believed (with good reason) to be an eternal science that first existed in the universal consciousness (Brahma) before it was passed from the creator to the ancient Indian mystics through meditation. The roots of Ayurveda go deep into the antiquity. Many of the foods and spices associated with Ayurvedic cuisine, including rice, lentils, urad dal, ginger, and turmeric, were already being cultivated during this period.
With the Sri Lankan Export Development Board seeking to achieve an ambitious target of USD 18.5 Billion in export earnings in 2020, the organisation has doubled its effort to increase the earnings by a 15% compared to the year 2019 through a series of strategic objectives, which seeks to transform the country’s existing approach to export.
A combination of local and global terrorism, political turmoil and natural disaster saw the local, as well as the global economy, slowing down compared to the year 2018. Sri Lanka registered a GDP growth of 2.8% during the last year against 3.3% recorded in 2018, while the global GDP also grew at a subdued rate of 2.5%, mainly due to Chinese and the USA trade tension and low growth recorded in the EU and Japan.
As one of the world's steadiest suppliers of top-quality sapphires and seventy-five other types of gemstones, Sri Lanka is one of the most important countries in the world when it comes to gem and jewellery, despite its small size.
The Sri Lanka Export Development Board (EDB) has organized a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.