In a significant stride towards the modernisation and expansion of Sri Lanka’s agricultural sector, the International Finance Corporation (IFC) has formally announced a landmark investment of $10 million in the New Anthony’s Farm Group (NAF). This strategic partnership, which includes a substantial $5 million contribution from the Global Agriculture and Food Security Programme (GAFSP), is poised to revolutionise the local poultry industry. By focusing on sustainable practices and export-oriented growth, the initiative is expected to generate over 900 new employment opportunities, thereby strengthening the economic fabric of the nation.
The New Anthony’s Farm Group occupies a unique position within the domestic market as Sri Lanka’s only fully antibiotic-free poultry producer. This distinction is increasingly vital as global consumers gravitate towards healthier, more ethically sourced food products. The capital infusion from the IFC will enable the group to scale its operations significantly, ensuring that the high standards of food safety and quality for which they are known can be maintained across a much larger production volume.
Empowering Local Communities and Smallholder Farmers
One of the most compelling aspects of this investment is its commitment to social consciousness and community development. The expansion project is designed to integrate and benefit at least 200 smallholder farmers across the island. It is noteworthy that approximately 80% of these individuals are classified as belonging to low-income brackets, and 22% of the targeted participants are women. By providing these farmers with the necessary resources, training, and a guaranteed market for their produce, the New Anthony’s Farm Group is playing an instrumental role in alleviating rural poverty and promoting gender inclusivity within the agricultural workforce.
The geographical distribution of these smallholder partnerships is intended to spread economic benefits beyond the traditional industrial centres. By decentralising production and empowering local growers, the project fosters a sense of regional resilience. The long-term stability provided by such a robust partnership with a global institution like the IFC cannot be overstated, as it offers a blueprint for how private enterprise can drive meaningful social change.
A Catalyst for Export Growth and Foreign Exchange
Sri Lanka’s economic recovery is heavily dependent on its ability to bolster its export capacity and secure vital foreign exchange reserves. Historically, the New Anthony’s Farm Group has been a dominant force in this arena, having been responsible for over 90% of Sri Lanka’s total poultry exports in 2024. This existing expertise provides a solid foundation for the ambitious targets set for the coming decade.
With the new investment, NAF aims to export approximately 1,936 metric tons of poultry annually by the year 2032. This represents a staggering 29% increase from the levels recorded in 2024. Such a trajectory is projected to earn the country up to $4.95 million in foreign exchange by 2032, providing a much-needed boost to the national economy. The ability of a local company to compete on the global stage is a testament to the quality of Sri Lankan craftsmanship and the untapped potential of its primary industries.
The focus on international markets also necessitates a rigorous adherence to global standards. The partnership with the IFC ensures that the New Anthony’s Farm Group will continue to innovate in areas such as biosecurity, waste management, and supply chain efficiency. These improvements not only make the products more attractive to international buyers but also elevate the standards for the entire domestic poultry sector.
Innovation and Sustainability in Poultry Production
The transition towards antibiotic-free farming is not merely a marketing strategy but a response to a global health imperative. The overuse of antibiotics in livestock has been a growing concern for international health organisations, and by pioneering this approach in Sri Lanka, New Anthony’s Farm Group is positioning itself at the forefront of a global movement. The technical expertise shared through the IFC’s involvement will further refine these processes, ensuring that the birds are raised in a healthy, stress-free environment that naturally reduces the need for medicinal intervention.
The integration of advanced logistics and energy-efficient technologies within the group’s facilities is also a key component of the expansion plan. These innovations are designed to reduce the carbon footprint of the production process, aligning the group’s operations with modern environmental standards. For the Global Sri Lankan community, seeing a local brand embrace such forward-thinking values is a source of immense pride and confidence.
Supporting the Future of Sri Lankan Agribusiness
At eLanka, we believe in celebrating positive stories that showcase the resilience and ingenuity of our people. The success of the New Anthony’s Farm Group is a shining example of what can be achieved when local talent is paired with global investment and a commitment to excellence. As this project unfolds over the next few years, it will undoubtedly serve as a catalyst for further investment in the Sri Lankan agricultural sector.
We encourage our members and readers to support local businesses that are making a difference. Whether you are looking for the latest news on Sri Lankan business developments or seeking to connect with service providers through our Business Directory, eLanka remains your primary bridge to the heritage and progress of our island nation.
The creation of over 900 jobs and the empowerment of hundreds of smallholder farmers are milestones that deserve our collective recognition. These initiatives provide the necessary infrastructure for fellow Sri Lankans to be financially successful and contribute to a prosperous future for all.
Source: https://www.ft.lk/front-page/IFC-backs-New-Anthoney-s-Farms-Group/44-793769
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