Sugar Research Institute experiences financial growth
June 26, 2018 6:17 pm
The Sugar Research Institute’s financial position has improved due to stakeholders meeting their obligations.
This was highlighted during their board meeting in Lautoka on Monday.
The Board says the government played a lot in their financial growth not only for its consistent funding support but also for its boldness and determination to save the sugar industry.
This has been able to put the sugar industry on a path of sustainability and profitability for farmers and millers alike.
The SRIF board also acknowledged the contributions from the FSC after some time adding the contributions of the farmers by the FSC are also being transmitted in a timely manner.
The Board also highlighted the European Union’s funding support noting the projects are tracking well.
The Research Institute is also on track to build its Ba office with EU funding which will be completed by December.
The Board has also recognized and continued to support the Institute’s work on promoting mechanization and green manure practice through technology transfer and numerous field days.
This is in an effort to improve and bring on –par the technology that has been widely adopted by other sugar producing nations.
Good news for SRIF officers as a new salary structure has been introduced and approved by the Board from next Sunday.
The Research Institute has given its assurance it’s closely working together with the FSC and other stakeholders for the good of the industry.