Under New Leadership, Sri Lanka’s Ayurvedic Drugs Corporation Achieves Record Profit of Rs. 195 Million

The Sri Lanka Ayurvedic Medicine Company (SLADC) achieved its highest revenue in years in 2023, recording a notable Rs. 195 million, in accordance with State Minister of Indigenous Medication, Mr. Sisira Jayakody. This achievement marks a major turnaround for the SLADC, highlighting the optimistic impression of the brand new administration’s methods.

“This revenue is the very best since 2017,” Mr. Jayakodi said, emphasizing the exceptional progress made by the SLADC underneath its new management. He attributed this success to the implementation of efficient measures by the brand new administration, which have revitalized the company’s operations and monetary standing.

Talking at a press briefing at the moment (02) titled ‘Collective Path to a Secure Nation,’ held on the President Media Centre (PMC), State Minister of Indigenous Medication Sisira Jayakody said,

In celebration of the 76th Nationwide Independence Day, Sri Lanka has launched a program to domesticate 01 million indigenous herbs throughout the island. This nationwide initiative will likely be collectively launched by the State Ministry of Indigenous Medication, Division of Ayurveda and Ministry of Public Administration, with the goal of boosting home manufacturing of medicinal herbs and to scale back reliance on imports.

This system’s first part started on 02nd February and can proceed till the 07th of April. It focuses on all Grama Niladhari (GN) Divisions throughout the nation, making certain widespread participation and impression. This initiative acknowledges the abundance of medicinal vegetation in Sri Lanka and goals to handle the long-standing situation of importing indigenous medicines.

By selling home cultivation, this system seeks to ascertain indigenous medication as a viable business business.

It additionally goals to scale back the price of imported uncooked supplies utilized in medication manufacturing, finally saving useful sources and strengthening Sri Lanka’s self-reliance within the healthcare sector.

Authorities-owned vacant lands are being repurposed for a novel initiative: cultivating medicinal vegetation. This program holds a number of advantages. Firstly, it addresses the issues of presidency workers in search of increased revenue by providing them the chance to domesticate these vegetation, probably incomes greater than their salaries. Secondly, it fosters business cultivation of medicinal vegetation, contributing to a stronger home provide chain and probably boosting income.

This initiative is additional bolstered by the success story of the Ayurvedic Medicine Company. As soon as incurring losses, it achieved a exceptional turnaround underneath new administration, securing a revenue of Rs. 195 million in 2023. This serves as a strong instance of reworking a burden right into a thriving entity, demonstrating the potential of environment friendly administration and progressive approaches.

“Moreover, there’s a want to reinforce the normal indigenous medication system with the intention to increase the income of our tourism business. By incorporating the indigenous medical system, we are able to maximize the profitability of the prevailing vacationer motels in our nation. It’s noticed that vacationers visiting our nation are inclined to spend much less cash and sometimes solely go to a specific vacation spot a couple of times with out returning”.

“Nonetheless, if we introduce vacationers in search of Ayurvedic therapy to the indigenous therapeutic system, they are going to be compelled to go to our nation a minimum of six or seven instances for his or her therapies. This may end in a major inflow of international alternate, benefiting the nation economically”, the state minister defined.

Indigenous medication methods maintain a wealth of data about wholesome inexperienced dwelling and conventional therapeutic practices. Integrating these practices into our tourism choices presents a singular alternative to contribute to the nation’s financial improvement whereas selling well-being. By showcasing our wealthy heritage of medicinal vegetation, wholesome delicacies, and conventional therapies, we are able to entice vacationers in search of holistic wellness experiences.

The Ayurvedic Medicine Company’s “Bodymantra” therapeutic massage system exemplifies the potential of indigenous medication. This distinctive therapeutic massage remedy leverages the knowledge of Ayurveda to forestall varied illnesses, setting it other than typical therapeutic massage strategies supplied elsewhere. By selling such progressive approaches, we are able to place ourselves as a pacesetter in integrative healthcare tourism, State Minister Jayakody said.