
Jithendra Antonio
January 26, 2025 at 09:49 PM
https://vt.tiktok.com/ZS6nY76Fj/
🌴🍹💰🌍🍾
*"Sri Lanka's toddy industry has been a cornerstone of the nation's economy and culture since the Excise Ordinance of 1912, which established regulations for alcohol production, including traditional toddy. This industry not only provides livelihoods but also significantly contributes to tax revenues, emphasizing its importance in the national economy. 🌴🥥🇱🇰🌴🍺🥂🥃🍻🍾🥛💰*
Over the years, the government has exercised control over toddy production through licensing and taxation, adapting to economic shifts. By the late 20th century, there was a marked pivot towards export-oriented industries; however, toddy remains culturally significant and economically vital. As of 2021, the "Growing of other perennial crops," which encompasses toddy tapping, contributed approximately Rs. 4,061 million, representing about 1.2% of GDP at constant prices. 📈🌿
The excise tax on alcohol has been a crucial revenue stream for the government. In 2022, total excise tax collection reached Rs. 170 billion, with a target of Rs. 217 billion set for 2023. This reflects ongoing regulatory changes aimed at balancing traditional practices with modern economic demands. 💵📊
Recently, the government has taken steps to bolster the local toddy industry by facilitating access to international markets. In 2022, Sri Lanka exported US $21 million worth of alcoholic beverages, including locally produced coconut and kithul toddy, to 35 countries. The demand for natural Sri Lankan toddy in global markets is rising, prompting initiatives to enhance production quality and support local producers. 🌍🍾
As we look towards the future, it is essential to preserve and promote the toddy industry for the next 1000 years, ensuring it continues to thrive amidst evolving economic landscapes. Join the Movement! 🌱✨"
#srilanka #toddyindustry #culturalheritage #sustainableeconomy #traditionalcrafts #exportgrowth #economicdevelopment
By focusing on sustainable practices and enhancing quality standards, Sri Lanka's toddy industry can secure its place in both local culture and the global market for generations to come. 🍹🌏
- Jithendra Antonio -