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Unveiling potential of seaweed farming in Sri Lanka

Daily FT

|

December 19, 2025

SRI Lanka's coastline, with its pristine beauty and bountiful resources, has long been seen as an asset.

- By Sivaram Kulendran

Unveiling potential of seaweed farming in Sri Lanka

Seaweed farming is an eco-friendly and sustainable practice that offers numerous benefits for both the environment and local communities

Yet, hidden beneath the waves lies an agricultural opportunity with immense potential-seaweed farming. This growing sector has started to gain attention for its sustainability and profitability, and it's creating new avenues for coastal communities.How did seaweed cultivation first start in Sri Lanka?

Seaweed farming in Sri Lanka was inspired by the successes seen in our neighbouring country, India. In India, starting as a community project after the Tsunami in 2004, seaweed farming has become a booming industry over the last two decades, driven by demand for seaweed in diverse sectors, including agriculture, food, and pharmaceuticals. After observing the positive impact in those regions, we saw a similar opportunity here, given Sri Lanka's expansive coastline and favourable environmental conditions. Thereafter, we imported seaweed seed materials from the pioneer seaweed producer of the world, Indonesia and Malaysia. The real challenge, however, was sustaining a sufficient mass of viable seed materials with the time-consuming plant quarantine measures, particularly for seaweeds being really new to Sri Lanka those days back in 2010 the startup location was areas around Kilinochchi. However, we succeeded in introducing this cultivation to our war victims including the women in fishing villages as a livelihood. We are of humble pride for receiving Asia's most responsible entrepreneurship award for this project led by Hayleys Agriculture PLC.

What are the benefits of seaweed farming?

WEITERE GESCHICHTEN VON Daily FT

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Marikkar tears into Rs. 500 b Supplementary Estimate

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time to read

1 min

December 19, 2025

Daily FT

SSC certainly mean business

SSC certainly means business the way they have launched their campaign to win the Tier B 3-day league and gain promotion next year to the Major Clubs 3-day league.

time to read

1 mins

December 19, 2025

Daily FT

Daily FT

HNB General Insurance wins Gold award in Insurance Sector at National Management Excellence Awards 2025

HNB General Insurance has been crowned the Gold Winner in the Insurance Sector at the National Management Excellence Awards (NMEA) 2025, organised by the Institute of Management of Sri Lanka (IMSL).

time to read

2 mins

December 19, 2025

Daily FT

Sampath Bank announces two-year Rs. 20 b capital raising program

SAMPATH Bank PLC has moved to strengthen its Basel III Tier Il regulatory capital through a proposed Rs. 20 billion listed debenture program, to be implemented in phases over the next two years.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Evolution Auto launches Riddara RD6 Active

Auto has officially announced the launch of the Riddara RD6 Active, the country's latest all-electric double-cab pickup, which was unveiled at the prestigious BMICH Motor Show.

time to read

2 mins

December 19, 2025

Daily FT

Daily FT

Tourism levy revenue rises as Govt. pushes unified nation brand and community-centred growth

Tourism Minister Vijitha Herath SRI Lanka's tourism sector is being steered towards a more integrated, communityfocused, and strategically branded future, with revenues from the Tourism Development Levy (TDL) continuing to rise and a renewed policy emphasis on positioning the country under a single national brand, Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath told Parliament.

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Colombo Shopping Festival 40th edition officially inaugurated

THE 40th edition of Colombo Shopping Festival was has inaugurated by, Aitken Spence Travels Managing Director Nalin Jayasundera with the participation of event partners and exhibitors.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

HNB strengthens national response to Cyclone Ditwah with Rs. 100 m commitment

HNB PLC has contributed Rs. 100 million towards the Rebuilding Sri Lanka Fund, reinforcing its commitment to national recovery efforts following the devastation caused by Cyclone Ditwah.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Economist warns IMF RFI too costly for Sri Lanka

Verité Research Chief warns Sri Lanka poised to repeat past mistakes amid cyclone recovery funding push Argues IMF RFI financing effective rate exceeds 6% and time-based surcharges add further 2.75% after three years IMF Executive Board decides on $ 200 m RFI today

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Appeals Court clears Home LandsPentara project to proceed

Court refuses injunctions with costs, Home Lands continues with Rs. 30-35 b Pentara Residences construction Notes that Home Lands had obtained all necessary approvals from relevant authorities, and engaged in the construction process for several months Project is largest residential development investment, and Rs. 4.5 b land transaction highest in history of Colombo

time to read

3 mins

December 19, 2025

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