Finance Minister Ravi Karunanayake proposed to liberalize the ceramics and tile industry as he had promised months earlier.
“To address the short supply and high prices of building materials such as steel, tiles and sanitary ware, import related duties will be revised downwards,” he said. The most affected from the move will be business tycoon Dhammika Perera’s ceramics and tile empire which controls around 80 percent of the market in Sri Lanka.
“I propose to remove tiles, ceramic, and sanitary ware, from the negative list of the BOI,” Karunanayake said. (CW)
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