Last Updated : 19-04-2014 03:19


 
 

Army awaits cabinet nod for profit making ventures

E-mail Print
Outgoing Army Commander Jagath Jayasuriya said yesterday the Army was awaiting cabinet approval for the Army to form an entity that could venture out into profit-making business.

“We are involved in development projects right now and are supporting them. This is a service we provide. Manpower and equipment will be available once these projects are completed, that is why we are planning to form such an entity,” he said.

General Jayasuriya told the Daily Mirror that the Army would be able to undertake projects on a profit- making basis by bidding for government tenders.

“Once such an entity is formed we will be able to undertake key projects even government projects, by registering our bid, because if we are to take part in a government project it will be a service,” he added.

General Jayasuriya pointed out that the Army has all the resources available with technical expertise. “We can do on a competitive basis because we are effective and efficient, so we can provide a good service,” he added.

General Jayasuriya said the Army was involved in almost all the services and professions that one could offer.

He said in countries such as Russia, China and Iran the military had key interests in strategic sectors as it had created a large number of organisations under its control to increase strength and to meet national security interests.

General Jayasuriya will serve as the new Chief of Defence Staff (CDS) from August 1. Major General Daya Ratnayake will assume duties as the new Army Commander on the same day. (Supun Dias)

 
 

Views : 6101
 
SocialTwist Tell-a-Friend


Add comment


Security code
Refresh

The ride that ended in tears
Bad weather destroys houses in Mahakachchikodi
Good Friday
.…?
The ride that ended in tears
Bad weather destroys houses in Mahakachchikodi
Good Friday
.…?