HNB, Hayleys partner to boost agricultural growth via mechanisation through a new strategic collaboration aimed at improving farmers’ access to modern equipment and financing solutions, supporting productivity improvements and long-term sustainability in Sri Lanka’s agriculture sector.
HNB, Hayleys partner to boost agricultural growth via mechanisation with leasing solutions
The partnership between HNB PLC and Hayleys Agriculture Holdings Ltd. seeks to accelerate the adoption of advanced farming technologies by offering practical leasing facilities for a wide range of agricultural equipment marketed under internationally recognized brands.
Under the agreement, HNB will provide tailored financing and leasing solutions to help farmers and agribusinesses acquire modern agricultural machinery, including tractors, combine harvesters, power tillers, rice milling machines, and other equipment supplied by Hayleys Agriculture. The initiative is expected to support the modernization of farming operations across Sri Lanka while addressing growing demands for efficiency and productivity.
The partnership comes at a crucial time for the country’s agricultural sector. As Sri Lanka continues to prioritize food security and sustainable agricultural development, industry stakeholders increasingly recognize the importance of mechanisation in improving yields, reducing labor constraints, and enhancing operational efficiency.
Through the collaboration, farmers will gain access to a broad portfolio of equipment. Tractor offerings include the Kubota L4508 Tractor, E-Kubota EK3 471 4WD Tractor, and E-Kubota EK3 501 2WD Tractor. The range also features combine harvesters such as the Kubota DC 93G, Kubota DC 70G, and Agrotech 110 Pro, alongside additional equipment including the Kubota K15 Plus Power Tiller, Agrotech Belt Tractor, and Agrotech Rice Milling Machine.
Industry analysts note that access to modern agricultural machinery remains a key factor in improving competitiveness within the agriculture sector. Mechanised farming solutions can help reduce production costs, increase operational precision, and enable farmers to better manage cultivation cycles, particularly during peak agricultural seasons.
Commenting on the partnership, HNB Senior Executive Vice President and Chief Operating Officer Sanjay Wijemanne said the initiative reflects the bank’s long-standing commitment to supporting Sri Lanka’s farming community and contributing to broader economic development.
According to Wijemanne, improving access to advanced farming equipment through practical leasing facilities will enable farmers to invest with greater confidence, strengthen resilience, and improve productivity. He emphasized that a stronger agricultural sector contributes directly to economic stability, rural development, and national growth.
The collaboration also highlights the growing role of agricultural financing in supporting the transformation of traditional farming practices. Financial institutions are increasingly developing sector-specific solutions that allow farmers to access technology and equipment without facing substantial upfront capital requirements.
Hayleys Agriculture Holdings Managing Director Jayanthi Dharmasena described the partnership as an important step toward expanding access to globally recognized agricultural technologies across Sri Lanka. She noted that combining reliable financing solutions with advanced machinery would empower farmers and agribusinesses to improve efficiency, increase productivity, and pursue sustainable growth opportunities.
Experts suggest that improving access to agricultural financing can significantly influence the adoption rate of modern farming technologies, particularly among small and medium-scale agricultural enterprises. Leasing arrangements can help reduce financial barriers while enabling producers to benefit from equipment that would otherwise require substantial investment.
Beyond productivity gains, the initiative is also expected to contribute to broader national objectives, including food security, rural economic development, and sustainable agricultural practices. As climate variability and changing market conditions continue to challenge the sector, technology-driven farming methods are increasingly viewed as essential for maintaining resilience and competitiveness.
The partnership combines HNB’s extensive expertise in banking and financial services with Hayleys Agriculture’s longstanding reputation as a provider of innovative agricultural solutions. Together, the two organizations aim to create a more accessible pathway for farmers seeking to modernize operations and improve long-term performance.
As HNB, Hayleys partner to boost agricultural growth via mechanisation, the initiative is expected to strengthen the agricultural value chain while encouraging wider adoption of modern equipment across the country. Stakeholders believe such collaborations can play a significant role in advancing Sri Lanka’s agricultural transformation agenda and supporting sustainable economic development.
With increasing attention on productivity, food security, and technology adoption, the partnership sets a new benchmark for agricultural financing and mechanisation solutions in Sri Lanka, creating opportunities for farmers to enhance efficiency and compete more effectively in an evolving agricultural landscape.