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Sri Lanka has a climate and varied elevation that allows for the production of both Camellia sinensis var. assamica and Camellia sinensis var. sinensis, with the assamica varietal holding the majority of production. Tea production is one of the main sources of foreign exchange for Sri Lanka, and accounts for 2% of GDP, contributing over US$1.3 billion in 2021 to the economy of Sri Lanka. It employs, directly or indirectly, over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. In addition, tea planting by smallholders is the source of employment for thousands whilst it is also the main form of livelihood for tens of thousands of families. Sri Lanka is the world's fourth-largest producer of tea. In 1995, it was the world's leading exporter of tea, with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was slightly reduced to 338 million kg. India has additionally guaranteed Sri Lanka a shipment of 65,000 metric tons of urea. Sri Lanka's troubled execution of an organic agriculture initiative had pushed the country perilously close to an agricultural crisis. Given the surge in global fertilizer prices, it is improbable that Sri Lanka could procure fertilizer at prevailing market rates.
E-commerce in Bangladesh refers to the electronic commerce sector of Bangladesh business.
Access Engineering PLC is a Sri Lankan civil engineering company engaged in the construction industry and supply of construction-related services and materials. The company is one of the constituents of the S&P Sri Lanka 20 Index. The company was founded in 2001, and in 2012 was listed on the Colombo Stock Exchange. In 2019, for the third consecutive year, the company was named amongst the ten "Best Corporate Citizens in the Country" by the Ceylon Chamber of Commerce. Currently, the company is constructing the largest condominium in Sri Lanka, with 1,068 units. Following the news that the Cabinet of Sri Lanka had granted the LKR 9.34 billion housing project in Elliot Road, Borella, the company's share price rose by five-fold.
References
- ↑ "Sri Lanka: internet penetration rate 2016 | Statistic". Statista. Retrieved 2019-02-27.
- ↑ "Better regional infrastructure, rules, mooted at Sri Lanka e-commerce meeting". www.economynext.com. Retrieved 2019-02-27.
- ↑ "'Sri Lanka's e-commerce segment records 34% growth'". Daily News. Retrieved 2019-02-27.
- ↑ Weerakoon, Ravidu Mario (2019-01-11). "Five Ways to Stay Ahead of Competition in Growing E-commerce Market". Entrepreneur. Retrieved 2019-02-27.
- ↑ "SL e-commerce to hit US$ 400 mn by 2022". Daily News. Retrieved 2019-02-27.
- ↑ "Three Reasons Why eCommerce Is The Future Of Fashion In Sri Lanka". roar.media. 2018-02-15. Retrieved 2019-02-27.
- ↑ Hewage, Indunil. "Growth in Sri Lankan e-commerce sector - Daraz". Daily News. Retrieved 2019-02-27.
- ↑ "Policies promoting e-commerce and digital transactions key for Sri Lanka to enter Fourth Industrial". www.dailymirror.lk. Retrieved 2019-02-27.
- ↑ "Second dialogue on Sri Lanka e-commerce reforms opens on September 6". Adaderana Biz English | Sri Lanka Business News. 2018-09-04. Retrieved 2019-02-27.