Thu, 02 Feb 2023 Today's Paper

Commerce Minister refutes Lanka Sathosa privatization rumours

26 May 2017 12:01 am - 1     - {{hitsCtrl.values.hits}}

A A A

Industry and Commerce Minister Rishad Bathiudeen yesterday rubbished rumours about a possible privatization of the state owned Lanka Sathosa chain to a diversified conglomerate in the country. 
“Though we usually do not bother about such social media propaganda, since a leading company is also mentioned, I am highlighting the truth here today” said Bathiudeen.
The minister was addressing the award night of Lanka Sathosa-Hemas joint promotion campaign called ‘Sathosata Enna Car Eken Yanna’, a marketing initiative partnered by Lanka Sathosa.
Lanka Sathosa is the largest state-owned retail network. It currently has 377 branches and the minister expects to increase the number to 500 by end of this year.

Lanka Sathosa recently outsourced its distribution logistics to Hemas group. A KPMG study had shown that that Lanka Sathosa’s distribution logistics, among other issues, to be a bottleneck hampering the progress of the institution.
“We called open tenders and one of the bidders, Hemas, won it having fulfilled the criteria. 
Thereafter I did not by myself decide to award the tender to Hemas, but I asked permission from the Cabinet of Ministers and received the go-ahead to outsource distribution logistics to Hemas. 
I even removed Lanka Sathosa’s personnel recruitment procedure from it and handed it over to the consultancy firm KPMG who recruited qualified personnel to run it. We did not influence KPMG’s recruitments,” said Bathiudeen.  


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 1

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka
  • CSM Friday, 26 May 2017 01:54 PM

    Handling of recruitment by an independent body from the minister is welcomed. At most public sector institutions majority employed with a chit from the minister. No qualification of training is considered for the job. That is the main reason for failure in the public services.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick