There is another issue that affects the survival of industries other than the two-hour power cuts – Wimal

Date:

Wimal Weerawansa, Minister of Industry says that the main crisis facing the country’s industry is the difficulty in obtaining imported raw materials rather than a two-hour power cut.

“There is a crisis in issuing letters of credit and opening the LCs. As such, many industrialists are facing great difficulties. During the discussion I made a proposal in the Cabinet, There are not many countries that import this raw material, there are several, we can negotiate with those one or two countries and get a special credit line for the raw material is the best solution at the moment. The issue of obtaining these imported raw materials is the main challenge that has arisen today regarding the survival of the industry rather than the two-hour power cut. ”

Minister Wimal Weerawansa stated this while expressing his views to the media yesterday (21).

Share post:

spot_imgspot_img

Popular

More like this
Related

Eminent business leaders bestowed with Lifetime Achievement Awards by SLID-ACCA

Mahendra Amarasuriya Ken Balendra (award accepted by Krishan Balendra) Sohli Captain Rohini...

Waste Crisis Meets Opportunity: Can Korean Aid Shift Sri Lanka?

Sri Lanka’s municipal waste management crisis has quietly grown...

Local Investors Power Equity Growth amid Foreign Capital Absence

Sri Lanka’s equity market is entering 2026 on an...

Cyclone Impact “Moderate”? Data Reveals Deeper Economic Fault Lines

Sri Lanka’s corporate leadership has sought to reassure investors...