{"id":72974,"date":"2021-09-04T07:47:56","date_gmt":"2021-09-04T07:47:56","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=72974"},"modified":"2021-09-07T04:14:21","modified_gmt":"2021-09-07T04:14:21","slug":"govt-to-invest-over-rs-750-m-to-establish-sathosa-organic-supermarket-retail-chain-by-charumini-de-silva","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/govt-to-invest-over-rs-750-m-to-establish-sathosa-organic-supermarket-retail-chain-by-charumini-de-silva\/","title":{"rendered":"Govt. to invest over Rs. 750 m to establish \u2018Sathosa Organic Supermarket\u2019 retail chain-By Charumini de Silva"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"font-size: 24px; color: #000000;\">Govt. to invest over Rs. 750 m to establish \u2018Sathosa Organic Supermarket\u2019 retail chain-By Charumini de Silva<\/span><\/h1>\n<p><strong><span style=\"font-size: 16px; color: #800080;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 16px;\" href=\"https:\/\/www.ft.lk\/front-page\/Govt-to-invest-over-Rs-750-m-to-establish-Sathosa-Organic-Supermarket-retail-chain\/44-722441\" target=\"_blank\" rel=\"noopener noreferrer\">FT<\/a><\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>First outlet in Kollupitiya by next month; plans to establish retail stores in 24 main cities across the country<\/strong><\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Trade Minister to introduce a pricing formula to ensure consistent supply of goods, affordability of products<\/strong><\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Specialised retail chain will sell organic vegetables, fruits, treacle, palm sugar, bees honey, spices, dried fruits and eco-friendly crafts<\/strong><\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Intends to franchise Sathosa Organic Supermarket network to sub-cities, thereafter harnessing young entrepreneurs<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The Government is investing over Rs. 750 million to step up its efforts to open and expand first-ever pesticide-free, State-run retail chain, the Sathosa Organic Supermarket network \u2013 covering all 25 main cities across the country.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The specialised chain will open its first outlet by next month in R.A. de Mel Mawatha (Duplication Road) in Colombo 3, under the banner \u2018Sathosa Organic Supermarket\u2019, with its logo in green.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cWe have already finished the preliminary work of branding and registering the suppliers of organic food and other products. The first outlet in Kollupitiya will be opened for the general public before the end of October,\u201d Trade Minister Bandula Gunawardane told the Daily FT.<\/span><\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Sathosa Organic Supermarkets will sell organic vegetables, fruits, treacle, palm sugar, spices, dried fruits and eco-friendly crafts.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The Trade Minister said a price formula will also be introduced to ensure a consistent supply of goods and affordability of the products.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cIt is important to introduce a pricing formula to ensure that the farmers earn a decent income, whilst offering products to end consumers at an affordable price. In most cases, we have noticed that the intermediary agents or the retail chains selling organic products are the only ones that are benefitting. Hence, the price formula is necessary,\u201d Gunawardane added.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">According to him, the Government has estimated Rs. 30 million to establish one outlet including the cost of coolers, freezers, shelves, cashiers and other equipment.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cWe embarked on this initiative keeping in line with President Gotabaya Rajapaksa\u2019s efforts to promote organic product consumption, which is healthy and less impactful on the environment,\u201d he added.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">He said that the feasibility studies conducted also showed a shift in consumption patterns towards more organic products.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The Trade Minister is hopeful that the 24 outlets, too, will be established before the end of next year, with plans underway to franchise the Sathosa Organic Supermarket network to the other cities thereafter.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cOnce 25 main cities get their Sathosa Organic Supermarkets, we want to franchise them to the sub-cities through new young entrepreneurs. This way, we not only connect villages to cities but also encourage youth entrepreneurs. It will also boost earnings of the organic farming community and inspire more to get into the sector as well,\u201d Gunawardane said.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">As per the National Organic Control Unit (NOCU), nearly 400 companies and 30,000 producers are involved in organic agriculture currently, with 60,000 hectares of land being used for cultivation.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Govt. to invest over Rs. 750 m to establish \u2018Sathosa Organic Supermarket\u2019 retail chain-By Charumini de Silva Source:FT First outlet in Kollupitiya by next month; plans to establish retail stores in 24 main cities across the country Trade Minister to introduce a pricing formula to ensure consistent supply of goods, affordability of products Specialised retail [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":73161,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[35513],"tags":[6610,37037],"class_list":{"0":"post-72974","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-elanka-finance","8":"tag-charumini-de-silva","9":"tag-sathosa-organic-supermarket","10":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt. to invest over Rs. 750 m to establish \u2018Sathosa Organic Supermarket\u2019 retail chain-By Charumini de Silva<\/title>\n<meta name=\"description\" content=\"The Government is investing over Rs. 750 million to step up its efforts to open and expand first-ever pesticide-free, State-run retail chain\" \/>\n<meta name=\"robots\" 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