The government has taken steps to modernise 500 tea factories in Sri Lanka with the aim of promoting productivity of tea small holding sector in Sri Lanka.
The Ministry of Plantations have commenced discussions with various institutions. Japanese banks such as JMIC and MUFG have shown their interest to provide USD 150 million at a concessionary rate for this project.
Minister Naveen Dissanayke held discussions with delegations of these banks last week.