Mahaweli Coconut Plantations PLC was the winner received the second place award for the Best Mahaweli Entrepreneur in the Agriculture Sector large category, at the inaugural Mahaweli Entrepreneurs Presidential Awards Ceremony 2019, held under the patronage of President Maithripala Sirisena, President of Sri Lanka at the BMICH recently.
The Company has planted coconut saplins in a 1,350 acre land in Aralaganvila in the Polonnaruwa district Mahaweli System B. Mahaweli Coconut Plantations PLC is the first coconut plantation to be listed on the Colombo Stock Exchange. The growing of coconuts commenced in 1999, while the company supplies coconuts to local firms involved in producing coconut based products for export.
Commenting on receiving the award, Felix Fernandopulle, Managing Director MCPL, said, “In Sri Lanka today, coconut requirement per year amounts to 3,900 million, while the annual crop was low as 2,500 million. To meet the need, the Mahaweli Coconut Plantations is pursuing every possible effort. For a coconut plant to grow, the right amount of sun and water is vital. There is a salient need for coconut plantations to be nurtured beyond the Coconut Triangle in Sri Lanka, which is mainly due to vast coconut plantation areas being cleared for construction and housing purposes and individuals involved in coconut plantations moving away from the plantations.
Due to the growing local and export demand for coconuts, it is our aim to undertake and ensure that we contribute towards the supply of coconuts to meet these requirements. We firmly believe that our hard work had been recognized and the award is testament to our dedication and efforts.” In addition to coconut plantations, the company is also engaged in growing other produce such as ginger, cinnamon and betal, in addition to providing employment to many individuals.
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