|
|
 |
 |
 |
| Tuesday, 18 May 2004 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
High profits on Vanilla - Dy Director Vanilla Plantations are highly profitable and can be considered as one of the best export crops, said Dr. R. S. Kularatne, Deputy Director, Department of Export Agriculture at the fourth forestry investor convention held recently in Colombo, organised by Touchwood Investments Ltd. (TIL), for the fourth consecutive year. Dr. Kularatne said that Sri Lanka has the ideal conditions and expertise to grow Vanilla. At present natural Vanilla global supply is less than the global demand and if commercial vanilla plantations can be initiated it could bear high returns. Touchwood Investment Ltd. who pioneered private forestry, as a managed investment five years ago, launched their second investment product, Vanilla plantation project, at this convention. Under the Vanilla investment scheme managed by Touchwood investments Ltd., investors could receive high annual profits from the third year for 17 years plus an attractive lump sum profit in the twentieth year. The internal rate of return is about 18% p.a. thereby making Vanilla a viable mid to long-term investment opportunity. Chairman and Managing Director of TIL Roscoe Maloney said that the company has progressed steadily and the performance of the company in terms of marketing, financial and plantation were on target. TIL has planted over 100,000 Mahogany trees on nearly 500 acres and the mahogany woodlot customer base exceeds 1,500 up to now. The company has provided direct and indirect employment to over 200 people. Maloney said TIL established its first overseas marketing office in Thailand a few months ago and that the company plans to set up marketing offices in the Gulf, USA and Canada in the near future. |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
