Thursday, October 21, 2010

Sri Lanka seeks investors to revive state enterprises

Oct 21, 2010 (LBO) - Sri Lanka's government is seeking private investors to help revive defunct state-owned sugar, paper and ceramic industries, media minister and government spokesman Keheliya Rambukwelle said.

The government wants to revive the Kantalai sugar factory and the Embilipitiya paper mill of the National Paper Company in the east and the Ceylon Ceramics Corporation, he told a news conference.

The Cabinet of minister approved a proposal to revive the industries in private-public partnerships without privatisation to which the government is opposed, he said.

Expressions of interest will be called for from local and foreign investors.

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