Ample buffer stocks of salt: No need for panic buying
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රට තුළ ලුණු අතිරික්තයක් || ADA Online
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By Saman Indrajith
The Samagi Jana Balavegaya yesterday alleged that the governments of the so-called progressive political forces had been responsible for the biggest sale of national assets to foreigners and local companies. SJB General Secretary MP Ranjith Maddumabadara addressing the media at the Opposition Leader’s office in Colombo on Tuesday (2) said that governments of SLFP, PA, UPFA and SLPP had sold off the highest number of public enterprises to the private sector or to foreign investors. “Among them are Colombo Gas Company, Orient Lanka, Rajarata Agro Chemicals, Lanka Salt, Puttalam Salt, Sri Lanka Telecom, SriLankan Airlines, Sri Lanka Insurance, Overseas Realty, Kelanitissa. In most of those governments Mahinda Rajapaksa was in the Cabinet. They sold the Colombo International Container Terminals to China and South Asia Gateway Terminals to a local company. In both cases the government stake was a mere 15 percent while the buyer got 85 percent of shares. They hand
Raigam Wayamba Salterns PLC started its journey in 2005 as a BOI company engaged in the manufacture, refining, packing and marketing of salt products.
By the time Raigam entered this trade, despite the fact that Sri Lanka was surrounded with sea and blessed with best weather conditions for manufacture of salt, unfortunately the country was depending on imported salt, bleeding its treasured foreign currency and neglecting all potential economic benefits of the industry.
Despite several industry barriers, Raigam’s challenging decision to invest in the industry has brought many advantages to the country at large. Today Raigam Wayamba Salterns PLC is reaping the harvest of its strategic investment, recording substantial growth even in the wake of the sudden unforeseen global challenges that engulfed the world.