Author: Chris Lam

While Sri Lanka’s ailing dairy industry looks to revive its once thriving sector, New Zealand dairy giant, Fonterra claimed the government’s taxation schemes could do more harm than grow the industry. Managing Director for Fonterra Brands in the island and India claimed at a recent forum, that spikes in taxation would ultimately contribute to a scarcity in local milk production in keeping with the rise in demand. “We’d be happy to source every drop of milk from this country,” Sunil Sethi told a panel discussion in Colombo recently. However, Sethi explained that the International giant’s conundrum was meeting its requirement…