Joint Venture with Tata Tea, India : In 1992 the government of Sri Lanka decided to privatise the "Management" of the then existing 22 Regional Plantation Companies which consisted of Tea, Rubber, Coconut & Palm Oil. This paved the path for a strategic
joint venture between Watawala Plantations PLC and Tata Tea Ltd. of India . With this the plantations that came under received a new lease of life in terms of latest technology, financial stability and personal care where the workers are concerned by effectively engaging in uplifting the life of the community economically, socially and culturally.
With the joint venture with Tata Tea India, Watawala Plantations PLC has taken up the challenge of converting the trade into a productive and competitive one. The unique three crop advantage, tea, rubber and palm has made the watwala plantations to move in many directions in terms of getting involved with the day to day lives of the people in Sri Lanka. In total the area of plantations spread over an area of 12,442.13 ha (hectares) out of which 41% is tea, 18% is rubber and 8% is under palm oil cultivation. Approximately 7% is kept aside for the purpose of fuel wood and the remaining is uncultivated.
With the joint venture with Tata Tea India, Watawala Plantations PLC has taken up the challenge of converting the trade into a productive and competitive one. The unique three crop advantage, tea, rubber and palm has made the watwala plantations to move in many directions in terms of getting involved with the day to day lives of the people in Sri Lanka. In total the area of plantations spread over an area of 12,442.13 ha (hectares) out of which 41% is tea, 18% is rubber and 8% is under palm oil cultivation. Approximately 7% is kept aside for the purpose of fuel wood and the remaining is uncultivated.
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