Sri Lankan halal food sector innovates to survive during worsening economic crisis
The island nation declares a state of emergency as foreign reserves fall to levels that jettison options for importing key commodities.
Sri Lanka’s halal-certified food and beverage industry must investigate innovative ways to weather the country’s deep economic crisis, currently spiralling out of control to the extent a state of emergency was imposed on Friday (6 May), and the prime minister resigning on Monday (9 May).
Its success or failure matters because, according to the Halal Accreditation Council (HAC), exports account for 65% of Sri Lanka’s food and drink total exports and generated average annual receipts of $2.56 billion between 2016 and 2020.
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Poorna Rodrigo