Pubic-private partnerships:
Ceramic industry express interest
Reviving Ceylon Ceramic Corporation :
Ramani Kangaraarachchi and Charumini de Silva
With Cabinet approval to revive three State-owned factories through
public private partnership, an investor in the ceramic industry has
already shown his willingness to venture into one of these projects with
the Government. Last week Cabinet approval was granted to call for
Expressions of Interest from domestic and foreign investors to develop
the Embilipitiya Paper Mill of the National Paper Company, the Kantale
Sugar Industries Limited and the Ceylon Ceramic Corporation as a public
private sector partnership program as part of Government’s program to
revive the Government industries as Government-owned enterprises without
privatizing them.
Kosala Wickramanayake |
Sunil Liyanage |
Speaking to Daily News Business Lanka Tile and Lanka Walltile PLC
Managing Director Mahendra Jayasekera said the Government’s initiative
to call for expressions of interest from the private sector to develop
these factories is commendable.
It is important that the Government look into the individual
capabilities and appropriate technology of the applied parties to
revitalize the industry, while adding proper value.
He said ceramic industry is a heavy clay industry and the red clay
industry is a well developed industry in the world. However, the red
clay industry is not much developed in Sri Lanka.
The industrialists have many opportunities in the ceramic industry
which can be developed further.
“We are also likely to seize this opportunity as the private sector.
We are, especially interested in red clay based products,” Jayasekera
said.
Meanwhile, some Chamber heads hailed this Government initiative to
revive these State-owned projects though public private partnerships.
Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL)
Chairman Kosala Wickramanayake said that it is the best option to go for
a public private partnership to revive the companies.
He said that first of all a good management team must turn around the
company and put it on the right track.
An efficient public private partnership will be ideal to do this.
Later they can go for an IPO and give a share to the public.
Ceylon National Chamber of Industry (CNCI) Chairman Sunil Liyanage
said that it is a good option to go for a public private partnership to
revive the companies because, the contribution of best skills,
technology and management can be brought in together and make it a
successful venture. |