“With the entry of large factories, there is competition,” Minister Vidyaratne told parliament. “Last year, by November 2025, the husk of one coconut went to around 22 rupees in some places.
“With that some local industries cannot engage in this. Where technology is more advanced and mechanization is high they can do it profitably.
“A number of foreign companies came to set up large industries related to coconut husks. In this context, we did not approve the investors to protect smaller local companies."
Sri Lanka expands protectionism into FDI
“With that some local industries cannot engage in this. Where technology is more advanced and mechanization is high they can do it profitably.
“A number of foreign companies came to set up large industries related to coconut husks. In this context, we did not approve the investors to protect smaller local companies."
Sri Lanka expands protectionism into FDI