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Aim to end bulk rubber exports by creating value addition industries locally
The contribution of the rubber industry to the national economy would be enhanced by establishing rubber-related industries throughout the country, Company Estate Reforms, Tea and Rubber Estates Related Crops Cultivation and Factories Modernization and Tea and Rubber Export Promotion State Minister Kanaka Herath said recently.
The Minister was addressing the inaugural ceremony of the National Entrepreneurship Programme for the Establishment of New Rubber Related Industries. The National Programme commenced from the Kegalle District and it is planned to establish 100 new Rubber-Related Industries in the Kegalle District alone.
This programme is jointly implemented by the Industrial Development Board (IDB) in collaboration with the Rubber Development Department and the Rubber Secretariat under the supervision of the State Ministry of Plantations. It is proposed to implement such programmes especially in the rubber growing districts, which will provide the entrepreneurs aspiring to enter the rubber-related manufacturing sector with the knowledge, attitude, technical aspects, know-how and all aspects, including financing as well.
Besides, those budding entrepreneurs will be assisted to overcome the burning issue of fulfilling the initial capital jointly by the State Ministry and banks.
Under this move the State Ministry provides those new entrepreneurs with a non-refundable financial assistance to meet the start-up costs of the business. In addition, the IDB provides them with the necessary technical knowledge.
Although our country is a high quality rubber producer in the world, the output is often exported as a raw material without adding value. However, the State Minister pointed out that more foreign exchange could be earned by setting up local rubber-related industries so as to add value to the local rubber production and turning it into a finished product instead of exporting it as a raw material.
The Minister said that on an average, about 600 rubber parts were used in a car and the primary goal was to manufacture at least a few of them in the country as a starting point. Apart from the automotive industry, there was already a very good market for rubber-related products in many fields including sports, medical, naval, defence, transportation and many more. He noted that local manufacturers could have vast opportunity to reap greater benefits from entering the export market.
Parallel to the programme, a study would be carried out on rubber products imported into the country and some of them will be manufactured locally. Plans were afoot to manufacture other rubber products in the country by gradually uplifting the rubber related industries and in the final stage of this process it is planned to manufacture all the imported rubber related products locally, State Minister Herath said.
“We look forward to enlisting of small and medium scale local industrialists in the process,” he said.
State Minister Herath emphasised a country had to have a production economy to achieve economic prosperity. He noted that greater economic benefits could be achieved through the addition of value to local raw materials.
Tilakaratne Banda, Secretary to the State Ministry said that the main objective of the programme was to implement a significant number of new entrepreneurs in the rubber-related industry especially through the eight rubber growing districts.
Only an average of 50 per cent of the rubber based products used in our country were produced locally and accordingly there was a huge trade gap for rubber production in the local market as well. Therefore, it would not be a challenging task for a local manufacturer to enter the rubber based manufacturing sector and win the market, the Minister said.
News
Malaysia declares emergency in Sarawak as haze from Indonesia worsens
Malaysia has declared a state of emergency in a district in Sarawak state after haze caused by wildfires in neighbouring Indonesia increased air pollution to “hazardous” levels.
King Sultan Ibrahim “has consented to the declaration of emergency throughout Serian Division, Sarawak, following haze conditions that have reached air pollution levels hazardous to public health and safety”, Prime Minister Anwar Ibrahim’s office said in a statement on Thursday.
The declaration followed a formal request from the Sarawak Disaster Management Committee after the region’s Air Pollutant Index reached levels warranting consideration of a local emergency.
Under the order, 647 schools in Serian will close from Monday until at least the end of next week, alongside government and private offices, plantations, construction sites and quarries, with only essential services continuing to operate.
The state’s disaster management authorities said a three-day cloud-seeding operation launched on Thursday would be extended to at least Monday, citing forecasts of “more conducive cloud formations” during that period.
Sarawak State Disaster Management Committee chairman Douglas Uggah Embas, speaking at a news conference in Kuching, stressed that the emergency applied only to Serian, not the entire state, but urged residents there to take the situation seriously.
“Please minimise outdoor activities and avoid strenuous activities outdoors,” he said.
Sarawak, in the northern part of Borneo island, has been heavily affected by haze for weeks, as have the neighbouring states of Sabah and Peninsular Malaysia.
(Aljazeera)
Latest News
Sun directly overhead Moratuwa, Kesbewa, Handapangoda, Idalgashinna, Yudhaganawa, Kotiyagala and Panama about 12.08 noon today (05)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is
overhead today (05) are Moratuwa, Kesbewa, Handapangoda, Idalgashinna, Yudhaganawa, Kotiyagala and Panama about 12.08 noon
News
Namal remanded until Sept. 18 over Airbus deal investigation
Sri Lanka Podujana Peramuna (SLPP) National Organiser and Parliamentarian Namal Rajapaksa was yesterday remanded until September 18 by the Colombo Chief Magistrate’s Court following his arrest by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) in connection with an investigation into the controversial SriLankan Airlines Airbus aircraft transaction.
Rajapaksa appeared before the CIABOC at around 9.15 am yesterday to record a statement after being summoned over the transaction. He was taken into custody following several hours of questioning and subsequently produced before the Colombo Chief Magistrate.
The investigation centres on allegations surrounding the acquisition of six Airbus A330 and eight A350 aircraft by SriLankan Airlines in 2013, in connection with an alleged USD 2 million bribe.
Former SriLankan Airlines Chief Executive Officer Kapila Chandrasena and his wife, Priyanka Niyomali Wijenayake, had previously been named in connection with the alleged bribery.
Chandrasena was arrested on March 12 as part of an investigation launched by the CIABOC under the Anti-Corruption Act and was subsequently released on bail. He was later found dead on May 8 while on bail, with police suspecting that his death was a suicide.
Open warrants have been issued for the arrest of Wijenayake, who is named as the second suspect, and Shamindra Rajapaksa, named as the third suspect, in the case pending before the Fort Magistrate’s Court in connection with the Airbus transaction.
The investigation has also received assistance from Airbus, with a delegation from the company’s parent group in France visiting Sri Lanka during the first week of August. The delegation provided statements and other assistance to the CIABOC as part of the ongoing inquiry.
Rajapaksa’s arrest and remand yesterday mark a further development in the widening investigation into the controversial aircraft deal.
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