With a land area of more than 65,000 sq km, Sri Lanka’s agriculture sector is characterised by small-scale farming and a tropical climate that is highly variable. An organic farm greenhouse business has a high potential to grow and succeed because the demand for organically grown farm products has grown considerably in recent years. LOLC posted an impressive Rs.19.8 billion Profit after Tax (PAT) for the year in comparison to Rs.19.6 billion PAT in the last year, becoming the most profitable listed entity in Sri Lanka … There are two Agriculture Parks abbreviated as A.Parks established by the Department of Agriculture. Ellawala Horticulture is a pioneer in the field of agriculture in Sri Lanka using modern technology and methods to grow mango. With a minimum storage space requirement, one can get ready for exporting fruits. Hingurakgoda, in the Polonnaruwa district, is located in an area that epitomises the agricultural prowess not just of the district, but of the country as a whole. Around 55% of land is used for agriculture. Starting a new business is challenging but since you have decided I���m here to help you with your decision. Generally, this type of business offers services like repairing cell phones, smartphones, iPhones, tablets, etc. Read More…, Transport business opportunities are emerging globally nowadays. COVID-19 patient statistics in Sri Lanka as at 07th April 2020 Spread of COVID-19 in Sri Lanka —The first instance of COVID-19 in Sri Lanka was reported in January 2020 being a Chinese tourist who has fully recovered since then and returned to China. According to recent reports for internet usage in Sri Lanka, we now have over 6 million regular internet users, which is a staggering number relatively to our small population. The country is located in the area of the Indian ocean. The textile, designing, cloth manufacture … There are many attractions like beaches, wildlife, natural scenic beauty, Heritage, Pilgrimage, sport and adventure to visit. Top 10 Reliable Business Ideas in Sri Lanka for 2021 January 9, 2021 Soliu Jamiu Ishola 0. The contribution from Sri Lanka’s agriculture sector to the country’s GDP is approximately 7.5% with 30% of the population reportedly employed by the sector. DOI: 10.22161/ijeab/3.1.15 Keyword: Agriculture Production Index, Ceylon, Food Security, Gross Domestic Production, Zoonotic Diseases. As small business in Sri Lanka, you might start Homemade Food business as following ideas. Starting a small cab or taxi service in Sri Lanka is another profitable business idea for beginners. The demand for Sri Lankan���s coconut is very high in metro cities. 8. The population in Sri Lanka is about 20 million earning an average per capita income of U S $ 2,290/-. About fifty percent of citizen uses cab services to travel from home to office and office to home and rest goes by their own car. Otherwise, you can also consider getting a retail space on rent. Additionally, ancient heritage sites are also popular in the country. Additionally, if you want to learn mobile repairing; there are easy and affordable 6-month courses for that too. EPF (Employee Provident Fund) – EPF is considered as the largest Social Security Scheme in Sri Lanka and this fund is handled by the Labour Department of Sri Lanka and the management is done by the Central Bank of Sri Lanka. Additionally, these items have good export potential also. impact on society in Sri Lanka. Sri Lanka’s agriculture is characterized by a non-plantation sectorand a plantation sector. Solar Project Business for Sale Colombo, Sri Lanka Other Utilities Available On Request New Listing. Ellawala Horticulture is a pioneer in the field of agriculture in Sri Lanka using modern technology and methods to grow mango. Read More…. Major tourist attractions are focused around the island’s famous beaches located in the southern and eastern parts of the country. Having good reputation in the E Marketing and Software field. Small Business Ideas Sri Lanka Conclusion. Vegetables, fruits and oilseed crops are also cultivated in the country. Takas.lk. Fundraise ... Business plan ready & have recently closed on our brick & mortar portion of this operation. Also, you can start and operate the business on a part-time basis initially. Even, if you don’t have the repairing skill, you can visit classes to gather knowledge. Agriculture. The primary form of agriculture in Sri Lanka is rice production. 15 April 2019 06:13 pm As of now, the most profitable business in Sri Lanka is catching thieves other than involving in theft, one of the senior officers in Sri Lanka Police Department has informed to Lanka News Web. But before starting the business it���s very important to do a small survey by providing a free sample of your freshly made juice. Contact us The farm has been in existence for two years now, initially operating as a hobby as rather … Instead of working in a 9 to 5 company you can easily start your own business with very little capital investment. The primary form is rice production, occupying 34% of the total cultivated area in Sri Lanka, although the land is very fertile and capable of producing 80 different varieties of fruits and vegetables, and cultivating oil seed crops such as coconut. Read More…, The property industry broadly covers the areas of rents, domestic housing, capital market, office space, retail and industrial space. Read More…, Retail is another growing sector in Sri Lanka. The Ministry of Agriculture is the central government ministry of Sri Lanka responsible for agriculture.The ministry is responsible for formulating and implementing national policy on home affairs and other subjects which come under its purview. The procedure of forming a sole proprietorship is more or less similar to other countries in the world. This is only available for private sector company employees and certain government organizations. Buy or Invest in an Agriculture, Coffee Estate, Ranche, Sugarcane Farm, Vegetable Farm, Orchard, Dairy Farm, Agriculture Consulting, Agriculture Support, Animal Breeding, Animal Feed, Aquaculture, Fishing, Commercial Nursery, Agriculture Wholesale, Fur Farm, Grain Farm, Organic Farming or a … Some of the specific items like tea, rubber, cinnamon are the most important products here. I know it���s hard but initially, you can help and manage your family functions or friend���s small parties to gather experience and knowledge which will eventually boost confidence and help you understand the industry, Catering services for birthdays, wedding anniversaries and other small occasions is the main idea. Very Profitable Software Business In Sri Lanka; Location: Sri Lanka Description: Looking for a genuine trouble free investor for very profitable Software Industry in Sri Lanka. Fish farming is raising fish commercially in the tanks & ponds for the purpose of producing food. Especially you can earn more money. The significant difference is that you can have multiple owners. Commercial fish farming has already established as a profitable business venture all over the world. Local Business Directory for Sri Lankan Businesses. Sri Lanka has achieved a remarkable growth during the last decades and is moving now towards the upper middle income status with the achievement of per capita income of US$ 4,065 in 2017. (L-R) Sri Lanka Telecom Group CEO, Lalith de Silva, Defence Secretary Gotabaya Rajapaksa, Chief Justice Mohan Peiris and Sri Lanka Telecom Group Chairman, Nimal Welgama at the Business Today Top Twenty-Five Awards Ceremony held at the … Author’s contribution The sole author designed, analysed, interpreted and prepared the manuscript. However, you must have a retail space in a prominent location. This structure allows a minimum of one director and two shareholders. Award presented to Hayleys Agriculture Holdings Limited for Developing Sustainable Strategies at Sri Lanka CSR Leadership Awards 2018. Basically, the country’s economy depends hugely on agriculture. Top 10 Profitable Small Business Ideas in Sri Lanka [2021] Published by SD Desk on 04/01/2021 04/01/2021 Sri Lanka has shown a lot of character in revamping its struggling economy after an unfortunate civil war in May month of 2009. Along with that, you can sell mobile back covers, chargers, earphones, battery, and screen protector etc to increase your revenue. As you can see, the most profitable businesses span different industries, time commitments, and startups costs. It requires modern techniques and moderate capital investment. Tweet. If future agriculture aspires to such goals, it is possible to contribute effectively towards sustainable development. Subscribe. As you can see the demand and uses of mobiles phones have increased rapidly in recent years. Sri Lanka is one of the fastest-growing countries with a population of 2.16 crores. [citation needed] Rice is cultivated during Maha and Yala seasons.Tea is cultivated in the central highlands and is a major source of foreign exchange. Business Today fetes top 25 corporate entities.. by Sanath Nanayakkare – Courtesy: The Island – November 20, 2014, 12:00 pm. Article Information The capital of the country is Colombo. Business News: A letter has been sent by Rizvi Zaheed, Chairman of the Sri Lanka Agripreneurs’ Forum to President Gotabaya Rajapaksa recommending 11 points to transform the Agriculture Sector in Sri Lanka. (L-R) Sri Lanka Telecom Group CEO, Lalith de Silva, Defence Secretary Gotabaya Rajapaksa, Chief Justice Mohan Peiris and Sri Lanka Telecom Group Chairman, Nimal Welgama at the Business … Farming and agriculture industry Sri Lanka’s economy highly depends on the agricultural industry. Other than agricultural products, the country takes pride in being a big exporter in textiles. Re-emerge as Social Business Models in Sri Lanka: A Case Study in Ridebendiela Farmer Company Sanduni Rathnayake1* 1Department of Agricultural Extension, Faculty of Agriculture, University of Peradeniya, Peradeniya, Sri Lanka. Organic farm greenhouse business was normally done on small, family-run farms. So, an entrepreneur you should consider investing in cloth exporting business in Sri Lanka. From prehistoric times, agriculture has been the lifeblood of Sri Lanka’s economy, and it is an intrinsic part of Sri Lanka’s culture and traditions. Transportation is one of the world’s largest industries. Hospitality and tourism are vast areas of providing different types of services. Profitable Business Ideas In Sri Lanka Profitable Businesses Australia Small Business Ideas and Home Business Ideas – If you want to get in on the ground floor of an emerging industry, starting an … opportunities are not only worth starting now but will make profits for years to come. Very Profitable Software Business In Sri Lanka; Location: Sri Lanka Description: Looking for a genuine trouble free investor for very profitable Software Industry in Sri Lanka. If you are on a low budget and still want to do business then fast food corner is the best business ideas for you in Sri Lanka. MARKETS IMPORTS, 2016 (USD, bn) IMPORTS, 2016 (% of world) EU Market 40.6 42.0% USA Market 18.2 … As small business in Sri Lanka, you might start Homemade Food business as following ideas. Find here a list of 10 chosen investment opportunities in Sri Lanka for your ready reference. If you want to start a small business in the clothing and apparel segment, you can consider starting a jeans manufacturing business. Currently, the country is focusing on long-term strategic and structural development challenges as it strives to transition to an upper-middle-income country. Sri Lanka is a small country. Also, after Kenya, Sri Lanka is the leading tea exporter in the world. This is a low-cost and profitable business. Business Today fetes top 25 corporate entities.. by Sanath Nanayakkare – Courtesy: The Island – November 20, 2014, 12:00 pm. Sri Lanka is very famous for its tourist places. Sri Lanka has seen a rise in small startups in the last decade. Hence, it is needless to say, the country is one of the best destinations for starting a business in the information technology sector. And after the warranty period, people look for an affordable local repairing service for fixing the phones. Sri Lanka is the second largest island in the Indian Ocean occupying an area of about 25,330sq miles and has a population of over … Before starting this business know the process and learn from a professional event management program or work in event Management Company for an experience. There are two Agriculture Parks abbreviated as A.Parks established by the Department of Agriculture. Cell phone demand and population are increasing very fast. Cloths Exporting. Background . Organic Farm Green House. Hence, it makes the country ranks 52nd in global competitiveness. Prime objective of the company is to provide quality service in mentioned areas .Company will give assurance to their clients to provide genuine and trustworthy service. If you’ve been thinking about a plant care home business, here’s what … Having good reputation in the E Marketing and Software field. Event Management: A group of people or friends can start even management business . Agriculture is one of the most important sectors of Sri Lanka’s economy, with a 12.8% … Invest Explore Search. We hope this list of top 10 small business ideas in Sri Lanka will help you in making an informed decision. Agriculture profitable for Mahaweli H farmers . … Sri Lanka’s diverse climatic conditions that enable cultivating a range of organic products, and the availability of local resources & skilled labour, flexible operations, and compliance with international standards all contribute towards making this industry sustainable and profitable in the long run. This is the easiest option to start a company in Srilanka. , etc, Heritage, Pilgrimage, sport and adventure to visit 2,500 coconuts. 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