Acquired assets to be privatized again

17 Nov 2011 - {{hitsCtrl.values.hits}}

The 37 underperforming or underutilizing ventures acquired by the government under ‘The revival of underperforming and underutilizing government assets’ Bill are up for re –lease to the previous owners or any other investor who comes up with a better corporate plan, the government said today.

The cabinet spokesman Keheliya Rambukwella addressing the weekly cabinet news briefing at the Information Department Auditorium said today the government’s intention was to revive those ventures and make them profit making commercial entities while contributing to the economy and protecting the rights of the employees.

“The government is ready to give priority and assess positively the corporate / management plans submitted by those who managed the loss making ventures by the time of the acquisition on November 9th following the debate in Parliament,” Minister Rambukwella said. (By Sandun A. Jayasekera)

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Acquired assets to be privatized again

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