ECONOMYNEXT - New Zealand is helping Sri Lanka develop its dairy industry with training and technology and saw opportunities in infrastructure and services, visiting New Zealand Prime Minister John Key said.
"New Zealand can play a role in the country’s development through sharing our expertise and technology in areas such as dairy," he was quoted as saying in a statement from the New Zealand High Commission (embassy).
"Sri Lanka also offers significant opportunities for New Zealand businesses in areas such as tourism, education, IT, infrastructure development and aviation, as well as to serve as a platform for expansion into the wider South Asia region."
New Zealand's Fonterra is a top seller of dairy products to Sri Lanka but the domestic arm is also process liquid milk from farmers and has set up a model farm.
New Zealand is spending 563 million rupees in dairy co-operation projects, the statement said.
In Wanni, a former war zone, a dairy project will help 7.500 smallholder famers.
The project has been funded by the New Zealand Aid Programme in partnership with TEAR Fund NZ, QPod Systems Ltd, Patton Ltd and World Concern Development Organisation.
This project is expected to benefit 7,500 smallholder dairy households and 10,000 rural youth in the next five years.