GreenField Plantation Development and Management Pvt Ltd, primarily engaged in coconut plantation management, says it has a solution to ease the shortage of coconuts in the country especially in urban areas.
Under this, the plan enables an urban family to have coconuts free of charge for their entire life, by investing only the amount they spend to purchase daily needs of coconuts for five years, Rohan Saman Ratnayake, company Chairman/CEO told the Business Times.
The company is providing an opportunity to interested parties to purchase 11-perch blocks of land at a 500 acre coconut plantation owned by the company at Wanathawilluwa in Puttalam district at a price of Rs.140,000 and the company will grow coconuts on behalf of the buyer.
Five coconuts will be delivered to each household weekly at Rs.15 less than the market price till the harvesting of coconuts of their block of land. After three years, the coconut harvest will be delivered to homes free of charge every week through GreenField’s Mobile Distribution Service. In addition, the buyer can earn an extra income by selling excess coconuts, he said.
The package includes a free Crop Insurance cover from Ceylinco Insurance. The ownership of a 11-perch plot, with a clear title, will be vested in the buyer even enabling them to gift it, Mr Ratnayake said. The cost of managing these properties will be recovered by the company keeping a certain percentage of the coconuts per plot.
He said this 500 acres is part of a 1,500 acre plantation which is jointly owned by 350 Sri Lankan expatriates and the company is looking after their ‘Coconut Groves (plots)’, he said. GreenField says it has introduced agro-business concepts and strategies in establishing the largest private sector hybrid coconut plantation in Sri Lanka.