Scrap metal from government to be given at concessionary rates to local industry
ECONOMYNEXT- Government has decided to sell scrap metal produced by the state sector to local industries outside the formal procurement process the Cabinet of Ministers have decided, the Department of Government Information announced.
This includes empty shells and scrapped armour plates from Sri Lanka Army, Sri Lanka Air Force and Sri Lanka Navy, it said.
The Cabinet approval was given to a proposal presented by the Minister of Industries Wimal Weerawansha to solve the issues faced by the traditional craftsmanship industries and rural industries sector.
Accordingly, the empty bullet/shell cases and armour plates will be given for these industries on a concessionary basis in order to provide these manufacturers with the opportunity to enable to price their products to compete with the imported goods.
Although the scrap is to be sold to local industry bypassing normal procedure they will be subject to the price matrix approved by the Cabinet of Ministers in 2017, to the National Crafts Council.
The scrap metal will be obtained from Sri Lanka Telecom Company, Sri Lanka Railways Department, Sri Lanka Electricity Board and the National Water Supply and Drainage Board. (Colombo/November 3/ 2020)
Reported by Imesh Ranasinghe