Last Updated : 30-09-2014 20:30

 

 
 

Army awaits cabinet nod for profit making ventures

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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)

 
 

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Comments 

 
-15+141 # Rambo 2013-07-18 05:30
This will effect the circulation of wealth!The Army is being paid for by the people's tax money. Private companies will make lesser profits and wont be able to pay the same taxes. End result will be a closed economy and a socialist regime!
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-14+98 # Farzan 2013-07-18 06:13
Commercializing army is not good for the country. But recruiting Army personal into commercial enterprises is the way to go. Otherwise army would take over the civilian government.
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-7+77 # Dinesh 2013-07-18 06:38
A government institution making profit? Every second thousands of liters of fuel is burnt with a monopoly market and the government cannot make profit out of that.

Ultimately treasure have to bail them out. Srilankan ariline, mihin, CEB, CPC etc....
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-11+77 # meenavan 2013-07-18 06:58
What about Casino...night clubs,,,liquor shop....ample resources you have provide security.....
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-4+45 # Amila . G 2013-07-18 07:21
This is a open statement , Not a request , what will be and should be done is already on track .
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-14+88 # Api Buruwo 2013-07-18 07:27
This is absolute lunacy for the country and an attempt to complete the transformation of Sri Lanka into a Mubarak-era Egypt where the corrupt armed forces ran a majority of that nation's (corrupt) business enterprises.
The Miracle of Asia, indeed!
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-90+31 # Shirley Silva 2013-07-18 07:31
Great idea to use the expertise and disciplined manpower of the Army. Better to go on its own than try to work with civilians.
Most civilian State enterprises have failed often due to Trade Union activities and lack of accountability and expertise.
Army personnel have been trained to achieve its set goals unlike state establishments where the general norm is to do the least.
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-121+22 # Kamal-USA 2013-07-18 07:36
This is a great idea. We are very lucky to have a wise person like you as the army commander. Wish you good luck hope you will continue serving us!
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-3+11 # onlooker 2013-07-18 17:15
Yes, a wise person who did not serve in the battle front.
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-8+16 # DC 2013-07-18 14:03
This is a very good suggestion , Army can start off by running the railways , transport service for the country , as profits can be made on these easily and also ensuring a commendable service .
Army has the discipline and the attitude in service which these two sectors lack.
Trains and Buses will run on time and our roads will be disciplined.
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-1+20 # Kodituwakkuarachchi 2013-07-18 14:18
Army is already selling lunch packets at Rs. 50 because their cost per pack is Zero.
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-1+2 # ANTON 2013-07-18 15:42
COST OF WRAPPING PAPERS, FIRE WOOD/GAS, SALARIES OF ARMY OFFICERS, TRANSPORT EXPERIENCES ???
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-0+6 # Kodituwakkuarachchi 2013-07-18 16:44
All material costs salaries, overheads paid by the government.

I am sure the 50 rupees is shown as net profit.
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-2+9 # Sim 2013-07-18 15:10
Why don't we have a military government, then everything will be fine.
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-1+14 # Aiyo Salli 2013-07-18 15:29
Let's start with CEB, CTB etc.
Let the Army turn around loss making entities . rather than eating in to private enterprises' arena
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-2+3 # Critic Roshan 2013-07-18 15:38
I suppose Not new Broom sweeps well, now the Old Broom started to Sweep better!!!!
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-2+12 # S Victor 2013-07-18 15:54
So the SF (Sarath Fonseka) right. The current Army Commander is the Mudalali.
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-2+5 # san 2013-07-18 15:58
Army comes to business... Business Take weapon???
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-2+14 # surain lal 2013-07-18 16:16
please remember we dont want to live in military rule country. Army is there to protect the country not for monkey business like in communist countries
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-3+3 # Park 2013-07-18 17:15
Chinese Style!
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-3+4 # Fawzan 2013-07-18 17:52
Army may be ear marking business such as Karoke, gambling and brothels..Gotha is the head of all these business.
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-0+0 # Calistus Jayatilleke 2013-07-19 16:26
Trying to add another white elephant to the already crowded loss making government institutions.
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