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Asian Tribune is published by E-LANKA MEDIA(PVT)Ltd. Vol. 20 No. 104

JVP leader says he is ready to sell umbrellas

Sunil C. Perera in Colombo

Colombo, 04 December, ( JVP leader Somawansa Amarasingha says that the Kadurata Umbrella Industries provides employment for local youth and save foreign exchange . “If any local industry is protecting Sri Lankan foreign funds and provide ample jobs for the unemployed masses the JVP ready to support them.

I came to sell umbrellas of the Kadurata Umbrella industries , said Somaeansa Amrasingha who delivered his speech during the 3oth anniversary of the Kadurata Umbrella Industries, Kandy, held at the Taj Samudra Hotel, Colombo on Friday.

“Earlier most of them had a misunderstanding about JVP’s policies on private sector.We assist private sector to develop the country .But the government must obtain their support to go a head, he said.

Explaining varieties of umbrellas in overseas he said most of the umbrellas cannot be used during the rain and some umbrellas are not suitable to be used in dry weather.

“However Kadurata umbrella has over 30 years experience and they make low priced, but quality umbrella to the market, Amarasingha said.

“This is a national industry and all of us must protect these types of local industries , he explained.

Explaining JVP’s idea on private sector and joint ventures with overseas companies, he said the government must obtain 50 percent share of any industry if the government must do business with them. We need favorable conditions if we do business with the overseas entities, he said.

Industries Minister Kumara Welgama said the government now provides equal concessions for the local companies. Earlier governments had granted BOI facilities only for the overseas companies. Most of BOI companies failed and abandoned their workforce and businesses, he said.

The Kadurata Umbrella Industries has commenced their business with 10 employees in 1977.

At present we have 60 percent of market share and plans to introduce new varieties of umbrellas for the local market, said Chairman of the company M.H.M.Siddeek.

The Kadurata Umbrella Industries now owns two manufacturing plans in the hill capital and produces 57 umbrella varieties using modern technology. The company is the pioneer in Logo printed umbrellas for various companies and engaged mosquito nets and raincoats manufacturing sectors.

Speaking to media Siddeek said the company has no plans to expand its businesses to overseas due to the low- priced and low – quality Chinese products.

“We cannot compete with the Chinese manufacturers due to their low cost of production .We also need some concessions from the government to carry out our businesses .At present we pay all government levies , he explained.

- Asian Tribune -

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