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| Tuesday, 9 September 2003 |
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STC to import raw materials for SME sector STC General Trading Ltd. is planning to import raw materials for the small and medium industries at a reasonable price to support the small and medium enterprise sector. This measure was taken following a directive issued by Commerce and Consumer Affairs Minister Ravi Karunanayake that small and medium entrepreneurs should also be provided with the necessary assistance. One of the main grievances in the SME sector is the scarcity of raw materials as there is no dedicated supplier for them which compelled them to pay exorbitant prices for the middlemen or to depend on scraps waste materials from big manufactures. STC Chairman Yasendra De Silva said that under the scheme, the small and medium industrialist will get the opportunity to purchase even smaller quantities of raw materials at a reasonable price. Two new products, Gliclazide 80mg and Diclofenac Gel 20 mg were introduced in August, which has increased the total number of products to 12. The company has achieved a turnover of Rs. 11,435,103 in August, of which Rs. 8,774,436 is from generic drugs and the balance Rs. 2,660,667 from parallel imports. The Authority has declared five items, cement, liquid petroleum gas, milk powder, mosquito coils and boxes of matches as specified goods under Section 18 (1) of the Consumer Affairs Authority Act No. 09 of 2003. The specification prohibits a manufacturer or a trader to increase prices without prior approval of the Authority. The Authority has also declared mandatory for the traders and manufacturers of 34 items under the provision of the section 10 (1) of the Consumer Affairs Authority Act, to mark the maximum retail price, batch number, expiry date on the item, pack, container or the wrapper by an extraordinary gazette notification issued on August 25. The directive issued by the CAA Chairperson Seetha Wimalasena covers; Meat and meat products sold in packs, Fish and other seafood products sold in packs, Edible oil in packs or containers, Tea in packs, Coffee seed and powders in packs, Chocolates, Chutneys, Pickles and Sauces, Powdered Milk (Full Cream, Low fat, Infant and Malted), Condensed Milk, Infant Food, Foods for the invalids, Biscuits, Cement, Agricultural Fertilizer, Agro Chemicals, Aerated Water, Canned fish, Ice Cream, Chilly Powder in packs or containers, Coriander Powder in Packs or Containers, Curry Powder in packs or containers, Turmeric Powder in packs or containers, Pepper powder in packs or containers, Paints, varnish and Solvents used in the building industry, Domestic antiseptics in containers, Pharmaceuticals and Vitamins sold in packs or containers, margarine, Butter, Canned Fruits, Fruit Juice and Cordials, Jams jellies and Marmalade, Yogurt, Food Preservatives and Natural yeast extracts products. |
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