Pelwatte Dairy’s Pension Scheme for Dairy Farmers
View(s):In a historic move, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community.
Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in the push to replace imported dairy with locally produced milk, saving the nation billions in foreign exchange. Milk powder production is expected to increase by 80 per cent upon completion of the new Kurunegala processing facility, supporting local demand and opening up new export opportunities, the company said in a media release. No details were available of the pension scheme as to whether it is a contributory scheme where the farmer also contributes or solely funded by the company.
This 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. Additional benefits will support health, education, and safety for the farmers’ families setting a new standard for agricultural welfare in the region, the statement said.
“This is a defining milestone not just for Pelwatte, but for the entire Sri Lankan dairy sector,” said Ariyasheela Wickramanayake, Chairman of Pelwatte Dairy. “It is our corporate responsibility to safeguard those who work tirelessly to feed the nation.”
Akmal Wickramanayake, Managing Director, added: “We see this as more than a welfare initiative. It’s an investment in rural development, sustainable agriculture, and national economic resilience.”
Pelwatte Dairy’s dedication to strengthening local dairy farming has already translated into tangible economic impact. Monthly payments to dairy farmers exceed Rs.2 billion, and the company has saved the nation over US$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.
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