Pelwatte Dairy Industries has launched Sri Lanka’s first pension scheme for dairy farmers. Pelwatte Dairy, has long been a pillar in the push to replace imported dairy with locally produced milk, saving the nation foreign exchange. Milk powder production is expected to increase by 80% upon completion of the new Kurunegala processing facility, supporting local demand and opening new export opportunities.
This landmark pension initiative will benefit over 30,000 registered dairy farmers working with Pelwatte.
Designed to offer financial stability post-retirement, the scheme ensures these vital contributors to Sri Lanka’s food security can live out their later years with dignity and peace of mind. Other benefits will support health, education, and safety for the farmers’ families setting a new standard for agricultural welfare in the region.
“This is a defining milestone not just for Pelwatte, but for the entire Sri Lankan dairy sector,” said Chairman, Pelwatte Dairy, Ariyasheela Wickramanayake, adding “It is our corporate responsibility to safeguard those who work tirelessly to feed the nation.”
Managing Director, Akmal Wickramanayake said, “We see this as more than a welfare initiative. It’s an investment in rural development, sustainable agriculture, and national economic resilience.” Monthly payments to dairy farmers exceeds Rs. 2 billion, and the company has saved the nation over USD 400 million by reducing reliance on imported dairy products.
The company’s growing range, including milk powder, butter, and ice cream has not only secured local market share in the face of stiff multinational competition but also broken into export markets, he said.
