Sri Lanka’s Sathosa calls for Expressions of Interest for the supply of essential food items
Sri Lanka’s state-owned retail network Sathosa is on the lookout for suppliers of several essential commodities and has called for Expressions of Interest (EoI) for the supply of 30 essential consumer items. The EoIs have been called from local producers and direct importers for the rest of the year.
According to local media reports, the move has been promoted by the Sri Lankan government’s efforts to ensure fair price and ample stocks.
Sri Lanka’s Trade Ministry has been quoted as saying that Lanka Sathosa Ltd. has made arrangements to obtain essential consumer goods giving priority to local products, in line with the Government policy at present.
The Daily FT has reported that the 30 commodities requiring suppliers are red raw rice, white raw rice, nadu rice, samba rice, keeri samba rice, wheat flour, sugar, milk powder, dhal, potatoes, big onions, red onions, garlic, sprats, chickpea, coconut, eggs (white/red), dried chilies, noodles, varieties of jam, varieties of sauce, coconut oil, soya meat, green gram, cowpea, tamarind, gamboge, packing polythene material, ice cream and other inventions.
The objective of the initiative is to protect local producers and direct importers, in line with instructions of Sri Lanka’s Trade Minister Bandula Gunawardena.
OSL take:
The expanding economy in Sri Lanka has increased business opportunities in many fields. From Sri Lanka’s development programme to the supply of commodities to meet the growing demand, the island has presented a host of new business/investment opportunities. The opportunities are expected to see a further growth with Sri Lanka poised to become an emerging business hub in the South Asian region supported by the country’s geographical positioning in the Indian Ocean and strong trade ties. Foreign businesses could therefore explore the growing demand for supplying commodities and services to Sri Lanka.
| Article Code : | VBS/AT/07102021/Z_1 |