CIC’s Rs. 2 billion Agri-Investment to boost Sri Lanka’s economy
Meanwhile the Group is rationalizing some of its legacy operations Sri Lanka’s long-standing leader in agriculture – the CIC Group – has elevated the country’s agriculture sector via futuristic investments amounting to over Rs. 2 billion, which are now infusing state-of-the-art technology into the industry, thereby making an enduring impact on the livelihoods of farmers. Cropwiz, one of the country’s largest agriculture project to be resilient to seasonal weather patterns, is one such futuristic investment, which indicates the potential for protected agriculture at a time during which changing weather patterns are wreaking havoc on the country’s agriculture and food production. The project, with an investment of approximately Rs. 1 billion – is an international Joint Venture and employs cutting-edge greenhouse technology which enables ‘climate smart,’ year-round production, mitigating impact of climate change. The project employs automated climate control and fertigation s...