Tea Shakthi to increase factory units

Ramani KANGARAARACHCHI

The Tea Shakthi Fund is to set up 15 new factory units and earn a profit of Rs. 112 million on factory operation under the development plan of 2008. It is expected to earn Rs. 1,316 million from 5,300 mt of made tea and to make a profit of Rs. 25 million from fertiliser and Rs. 0.57 million from local tea sale.

Secretary Ministry of Plantation Industries J. Abeywickrama said the TSF has made a positive progress in 2007 by making a profit of Rs. 48 million on factory operations and made an overall profit of Rs. 63.4 million.

TSF is an organisation financed and owned by the Tea Smallholders with the objective of harnessing the full potential of a large community of enterprising small tea cultivators.

It operates in a network of 1,200 strong tea smallholders societies covering a tea growing population of 1.5 million.