Govt. kicks off program to cultivate 1 m indigenous herbs across GN Divisions

Saturday, 3 February 2024 01:51 - - {{hitsCtrl.values.hits}}

Sri Lanka Ayurvedic Drugs Corp. achieves six year high profit of Rs. 195 m

The Sri Lanka Ayurvedic Drugs Corporation (SLADC) has achieved its highest profit in years in 2023, recording a notable Rs. 195 million, State Minister of Indigenous Medicine Sisira Jayakody revealed yesterday.

He said this achievement marks a significant turnaround for the SLADC, highlighting the positive impact of the new management’s strategies.

“This profit is the highest since 2017,” Jayakody stated, emphasising the remarkable progress made by the SLADC under its new leadership. He attributed this success to the implementation of effective measures by the new management, which have revitalised the corporation’s operations and financial standing.

Speaking at a press briefing titled ‘Collective Path to a Stable Country,’ held at the President Media Centre (PMC), State Minister Jayakody said in celebration of the 76th National Independence Day, the Government has launched a program to cultivate 1 million indigenous herbs across the country thereby boost domestic production of medicinal herbs and to reduce reliance on imports.

The program’s first phase began yesterday and will continue until 7 April. It focuses on all Grama Niladhari (GN) Divisions across the country, ensuring widespread participation and impact. This initiative recognises the abundance of medicinal plants in Sri Lanka and aims to address the long-standing issue of importing indigenous medicines.

By promoting domestic cultivation, the program seeks to establish indigenous medicine as a viable commercial industry. It also aims to reduce the cost of imported raw materials used in medicine production, ultimately saving valuable resources and strengthening Sri Lanka’s self-reliance in the healthcare sector.

Government-owned vacant lands are being repurposed for a novel initiative: cultivating medicinal plants.