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Seylan Merchant Bank
Sunday, 4 September 2005    
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Hayleys in second tank restoration project

An irrigation tank-centered farmer community in Angunakolapelessa will receive a new lease of life through a second rural tank rehabilitation project launched recently by Hayleys, the diversified bluechip with an enduring interest in agriculture.

The Group's Agri inputs company Hayleys agro Products Ltd., is now in the process of replicating the success of its first effort to promote a holistic revival of agrarian viability, at Aluthwewa - a wilted up 200 year-old village tank that has given its name to a community of nearly 300 farmer families.

The new project will encompass restoring the tank to its pristine glory, providing the farmers with access to the latest results of the company's Research and Development efforts including information on new and higher-yielding crop varieties, advice on how to increase productivity, access to better technology and inputs and the development of mechanisms for reducing post-harvest handling losses and for efficient marketing of produce.

Commenting on the project, Hayleys Chairman Rajan Yatawara said: "We strongly believe that agriculture can be a viable economic enterprise, provided there is a model for sustainable agriculture.

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