Revamped SEC

Walter Liyanarachchi

REDESIGNED: The State Engineering Corporation has redesigned an operating model, shedding its lethargic attitude it had during the past, with the intention of entering the Government's construction stream in development.

The vision and mission statement for the ensuing five years to fall in line with this "Mahinda Chintana" by harnessing every resource to regain the prestige.and value of this corporation as the giant in the construction industry in now in operation, Chairman Raja Edirisinghe told the 'Daily News'.

A mega construction undertaken by the corporation, after the appointment of the new management by the Government, is to tie up with the Dockyard to fulfil ship building contracts. The increase in demand from overseas clients of the Dockyard, especially from India has resulted in the need to build a partnership with such as SEC.

"The work that the Dockyard would be able to offer this SEC, is guaranteed to see an increase in the future. Work has already begun and is in its initial stages," the Chairman said.

"Considering the potential and availability of man and material in the context of the current development plans of the SEC for the future, this corporation is steadily gaining ground in assuming private sector dynamism under the leadership of the management," he further said.

"Since this new management take-over, measures have been taken to maximise the utility of the assets, machinery and man-power already possessed by the SEC. And also it has taken various crucial decisions to improve immediate cash inflows to inject a much needed boost to this corporation."

"This is a deleberate and successful way of tackling the problem of deficiencies in capital in the construction industry as recognised by the Government policy."

"The supply of necessary capital goods has already grown under the far-sighted direction of this management, strengthening the Corporation's asset base enabling to undertake mega projects at short notice. The SEC in also demonstrating this local construction industry's capability to meet competition from overseas companies. "

"The revival of the State Engineering Corporation is already evident," the Chairman further said.