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Tuesday, 31 August 2010

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EDB pays Rs 40 m to ten exporters


Industries and Commerce Minister Rishad Bathiudeen handing over the cheque to one of the exporters. EDB Chairman Janaka Ratnayake looks on

The Export Development Board (EDB) settled a total of Rs 40 million to ten exporters qualified to receive assistance under the Dahas Diriya scheme.

EDB Chairman Janaka Ratnayake said 44 companies were qualified to receive financial assistance amounting to Rs 183 million according to their project reports.

Dahas Diriya Scheme was introduced by the Government in 2005, to encourage exporters for their productive contribution.

Most of these companies have utilized this money to improve the technology by importing machinery and equipment leading to add value to their products.

Accordingly, Rs 143 million was paid to 34 exporters during the last few years.

The balance Rs 40 million entitled to a few exporters remained delayed due to various financial constraints. However, the matter was settled at the EDB on Friday.

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