COLOMBO, Sri Lanka—Michelin, in partnership with a French sustainability group and the French government, has agreed to work with the Sri Lankan government to enhance the wellbeing and productivity of 6,000 small rubber plantation owners in the island nation.
As part of a memorandum of understanding signed recently, the French government will fund a $725,000 project to build capacity and strengthen the economy of the smallholders.
The RIVER (rubber improvement of value chain & embedded smallholders resilience) project will be supported by co-sponsors Michelin and French sustainability consulting group Ksapa S.A.S.
The areas covered by the program include the Badalkumbura and Medagama regions in the southeastern district of Monaragala, the Sri Lankan government said.
According to Ksapa's website, the initiative will build up on previous experience with Michelin in Indonesia to improve working conditions of rubber growers.