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The company was incorporated in 1981 and was listed on the Colombo Stock Exchange in 1983, with the majority of shares held by the Government of Sri Lanka. [3] In 1991, the Stassen Group acquired a controlling stake of 51% in the company. [4] Lanka Dairies, a subsidiary of Lanka Milk Foods, commenced operations in 1996.
Mother Dairy was commissioned in 1974 as a wholly owned subsidiary of the National Dairy Development Board (NDDB), under 'Operation Flood'. [ 3 ] [ 4 ] It was an initiative under Operation Flood , a dairy development program aimed at making India a milk sufficient nation.
A Sri Lankan company, Master Divers (Private) Limited, purchased 53.5% of the Company for Rs. 300 million. [4] In 2006 the company launched a new subsidiary, Pelwatte Dairy Industries (Pvt) Limited, investing Rs. 1.8 billion on a dairy processing plant and animal feed production factory in the Monaragala District. [5] [6]
The per capita consumption of milk and dairy products in Sri Lanka (about 36 kg) is less, compare to other countries in the South Asian region. Since the 1980s Sri Lanka import dry milk powder as their main dairy commodity from Australia and New Zealand up to now.
Pilkhuwa is a town and a municipal board in Hapur district in the Indian state of Uttar Pradesh. It is located 12 km from Hapur , the district headquarters. It is famous for its textile products and handloom industry and for transportation, here is also a railway station.
Sri Lanka-China relations started as soon as the People's Republic of China was formed in 1949. The two countries signed an important Rubber-Rice Pact in 1952. [248] Sri Lanka played a vital role at the Asian–African Conference in 1955, which was an important step in the crystallisation of the NAM. [249]
Nestlé Lanka (previously known as Nestlé Ceylon Company) is a Sri Lanka–based foods company located in Colombo, Sri Lanka. Nestlé Lanka is a subsidiary of Nestlé, a Switzerland based company. Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea. The company was founded by the Anglo-Swiss ...
Ceylon cinnamon is the costlier variety and is considered to be a much more upmarket product by those in the West. Sri Lanka exported USD 128 million worth of cinnamon in 2014, which accounted for 28% of global cinnamon exports for that year. [17] Black pepper is the second largest export spice in Sri Lanka. Most black pepper is exported to India.