Mar 01, Colombo: Sri Lanka's processed food industry which experienced a decline in 2013 has recovered in last year surging 14 percent, Minister of Industries and Commerce Rishad Bathiudeen revealed.
In 2014, Sri Lanka's exports of food, feed, beverages and tobacco increased 14 percent to US$ 317 million from 2013's US$ 278 million.
The Minister stated that the processed food industry, despite lower export revenues, is the largest of industries in Sri Lanka in terms of input and output values by industry as well as value addition and is standing even above the apparel sector.
Minister Bathiudeen made these facts known at the launch ceremony of the Pro Food-Pro Pack & Agbiz 2015 in Colombo last week. Local media