Sri Lanka’s revamped state owned tile factory to commence operations in September
Sri Lanka’s Ministry of Industries has reportedly stated that the revamping of the state owned tile manufacturing factory in Oddusuddan is expected to be completed within the next two to three months.
Ministry of Industries Secretary V.P.K. Anusha Pelpita has told The Sunday Morning, “It (the tile factory) is still under construction as it has not been used for almost 20 to 30 years, and I think in the next two to three months’ time, we can reopen it.”
He has noted that the machines that are used for the manufacturing process will be installed during the reconstruction process.
“We have already installed factories in Mahiyanganaya and a few other locations,” he has said, adding that the corporation has been able to open some of the factories that were closed down decades ago, including the one in Mahiyanganaya.
Elaborating on expanding the companies that have been reopened for tile production, he has told the local media that in the meantime, the Ministry is looking for an investor of wall tickles and floor tiles.
The Cabinet of Ministers had granted approval to take the necessary action to reinitiate the production of the tile and brick manufacturing company on 5 February 2020.
According to reports, recommencing production activities of the Oddusuddan tile factory is a pilot project in restructuring the Ceylon Ceramics Corporation under the Ministry of Industries.
OSL take:
Sri Lanka’s manufacturing and exports sectors have continued to record a growth momentum despite challenges posed by the global Covid 19 pandemic. Sri Lanka’s economy has shown great resilience to external and internal challenges through the years and is once again on the path to recovery. The government of Sri Lanka is committed to upgrading and developing local manufacturing sector in order to increase the country’s export product portfolio. The many trade agreements as well as trade concessions enjoyed by the country have helped boost Sri Lanka’s manufacturing and exports sectors. With Sri Lanka fast becoming a business hub in the South Asian region, the country’s manufacturing and exports sectors have become a hotspot for business/investment opportunities in the country. Foreign businesses/investors could therefore explore business opportunities in Sri Lanka’s manufacturing and exports sectors.
| Article Code : | VBS/AT/20210615/Z_1 |