Pelwatte Dairy Industries launches Sri Lanka’s first pension scheme for dairy farmers

SRI LANKA – Pelwatte Dairy Industries, a leading dairy company in the country, has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community.

This landmark pension initiative will benefit over 30,000 registered dairy farmers working with Pelwatte. Designed to offer financial stability post-retirement, the scheme ensures these vital contributors to Sri Lanka’s food security can live out their later years with dignity and peace of mind.

Additional benefits will support health, education, and safety for the farmers’ families, setting a new standard for agricultural welfare in the region.

Ariyasheela Wickramanayake, Chairman of Pelwatte Dairy, said, “This is a defining milestone not just for Pelwatte, but for the entire Sri Lankan dairy sector. It is our corporate responsibility to safeguard those who work tirelessly to feed the nation.”

In addition to its efforts in farmer welfare, Pelwatte Dairy is making significant strides in expanding its production capabilities.

The company has recently announced a Rs. 3.1 billion investment in a new dairy processing facility in Kurunegala, marking a substantial move toward strengthening Sri Lanka’s self-sufficiency in dairy production.

Once operational, this facility is expected to increase milk powder production by 80%, meeting the growing demand for locally produced dairy products.

Browns Pharmaceuticals launches loyalty program in Sri Lanka

In 2024, Browns Pharmaceuticals teamed up with DFCC Bank PLC and Market Oriented Dairy (MOD) through the ‘Kiri Wyawasabhiman’ Loyalty Programme to support the growth of Sri Lanka’s dairy sector.

The partnership is designed to assist dairy entrepreneurs nationwide by providing them with essential products, services, and financial support, while offering a range of concessions and customized financial products.

The collaboration integrates Browns Pharmaceuticals’ extensive 150-year legacy and island-wide network with DFCC Bank’s specialized expertise in MSME (Micro, Small, and Medium Enterprise) financing and MOD’s industry credibility.

The synergy aims to create a comprehensive support system for dairy entrepreneurs, helping them overcome challenges and foster business growth.

Under the new initiative, DFCC Bank will offer exclusive benefits through its MSME scheme. These benefits include special interest rates, flexible payment schemes, and discounts on pharmaceuticals and machinery from Browns Pharmaceuticals.

Additionally, the scheme will provide capacity development programs, delivering a holistic 360-degree solution to nurture business expansion.

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