The Hon. K.V. Samantha Viddyarathna - Minister of Plantation and Community Infrastructure
Rs. 451 million has been recovered in lease rentals from 12 Fund-owned factories leased to operators, after the Fund had previously declined to a very low balance. Defaults by some lessees are being addressed through notices and engagement, with legal or administrative action proposed if payments do not resume. The Minister said the Fund will be comprehensively reviewed, and non-viable operators may be replaced with parties able to continue operations.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Twelve factories owned by the Fund were leased. As at 1st February this year, Rs. 451 million in lease rentals have been recovered from these lessees; that is the amount reflected now in the Fund. Earlier it had dwindled to almost nothing. Some factories defaulted; we have issued notices and engaged them. Some have commenced payments. Otherwise, we will take action and hand operations to those who can continue viably. We will review the Fund comprehensively and take next steps.
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- Hansard, Monday, 17 March 2025 ·No. 1745486934006324 ·English daily/uncorrected Hansard
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Cite as: The Hon. K.V. Samantha Viddyarathna - Minister of Plantation and Community Infrastructure. 10th Parliament, Parliament of Sri Lanka. Hansard, 17 March 2025. No. 1745486934006324. Politick, https://staging.politick.io/lk/speeches/12684