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| Sunday, 23 January 2005 |
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Have your rambutan tree looked after Everybody likes to eat Rambutan but most people until now could not afford to own a tree. But no more worries as Sadaharitha Agri Investments (pvt) Ltd has come up with a novel investment plan where you can purchase a rambutan tree and they will look after the tree for you. Sadaharitha Agri Investments the locally managed Agricultural Investment company launched the short term investment plan for the first time in the country where one could own a Rambutan plantation and gain a sustainable yearly income from its harvest. The plantations are located in Waga, Ingiriya and Karandana spanning across 76 acres. An investor can buy one tree for Rs 40,000 or a 30 perch block which has 10 trees for Rs 380,000. Maintenance is done by the company while an investor will start getting returns from the fourth year until the 25th year. In addition the company will purchase the harvest or the investor has the option of selling it to a third party, said Managing director Sathis Navarathna a spokesman of the company. Once an investor makes a payment he gets the ownership of his land through a deed and a free insurance cover for the trees he has purchased. He said that an investor can dispose of his investment after five years back to us or if he has a buyer he can sell off immediately. In the event he decides to keep it he owns the land also after 25 years. The plants are grown by the fruit crop research and development centre of the agriculture department and only plants of high quality recommended by the ministry of agriculture are used by us. We use all latest technology and fertilizer as well as modern harvesting machines to minimise crop damage while we employ qualified agriculturists to provide constant care. In addition we have provided a 24 hour security network to protect the plantation. The rambutan variety grown in our plantation is malwana special which sells at Rs 8 in Colombo. It has a very high demand in the Middle East and fetch a price of Rs 32 while in Europe it is priced at Rs 90 per fruit. Under this project we plan to build a holiday bunglow so that the investors could come with their families to enjoy the natural environment. Speaking of future plans he said that the company is in the process of researching on fruits and vegetables which the returns can be taken quicker than four years. The board of Directors of the company are Chairman Nishantha Bentharaarachchi, Managing Director - Sathis Navarathne, and Directors Ranjith Gamage and Mrs S.M. Kaluarachchi. |
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