Sri Lanka govt to step up monitoring of private plantations firms
ECONOMYNEXT – Sri Lanka’s government will strengthen monitoring of state plantations under private management using cess funds collected from exports to improve productivity and quality levels in the industry, a government spokesman said.
Health minister Rajitha Senaratne said the cabinet of ministers approved a proposal by the Ministry of Plantations Industries to strengthen its Plantations Management Monitoring Division (PMMD).
The PMMD will monitor the performance of 23 regional plantations companies (RPCs) which manage 465 large estates owned by the state under a privatisation program, he told a news conference.
The division will hire an agriculture monitoring specialist and a financial analyst along with support staff to improve monitoring of RPC agricultural practices and finances as well as operations.
The PMMD will intervene if required to improve productivity and quality levels of plantations under private management on behalf of the government as ‘golden shareholder’ in the RPCs, according to the ministry proposal. (Colombo/January 15, 2016)