The Hon. Chathuranga Abeysinghe - Deputy Minister of Industry and Entrepreneurship Development
The Deputy Minister said the Industrial Development Board and a dedicated Ministry unit handle scrap supply, but the IDB lacks capacity to procure and process enough scrap to meet demand. He noted that government institutions have been directed to provide scrap to the IDB, though practical difficulties remain, and said the immediate approach is to improve open-market availability to help reduce prices.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Member, the specific institution is the Industrial Development Board (IDB), and there is also a dedicated unit within the Ministry. The main challenge is that IDB cannot procure enough scrap through the market to meet requests. All government institutions have been directed to provide scrap to the IDB, but there are practical issues. While we are taking measures, the IDB does not yet have the capacity to purchase scrap from the open market and process it at scale. Therefore, we must discuss whether a single state institution can supply the entire demand. At present, the open market is the source. Our effort is to improve open-market availability and thereby reduce prices; that is the viable solution right now.
Provenance
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- Hansard, Friday, 11 July 2025 ·No. 1753082553092748 ·English daily/uncorrected Hansard
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Cite as: The Hon. Chathuranga Abeysinghe - Deputy Minister of Industry and Entrepreneurship Development. 10th Parliament, Parliament of Sri Lanka. Hansard, 11 July 2025. No. 1753082553092748. Politick, https://staging.politick.io/lk/speeches/21042