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Government ready to extend estate leases if more investments made EmptyToday at 2:20 pm by nuwanmja

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Government ready to extend estate leases if more investments made EmptyToday at 11:54 am by yellow knife

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Government ready to extend estate leases if more investments made EmptyToday at 11:25 am by Rana

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Government ready to extend estate leases if more investments made EmptyToday at 9:48 am by LSE

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Government ready to extend estate leases if more investments made EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Government ready to extend estate leases if more investments made EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Government ready to extend estate leases if more investments made EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Government ready to extend estate leases if more investments made EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Government ready to extend estate leases if more investments made EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

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Government ready to extend estate leases if more investments made EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Government ready to extend estate leases if more investments made EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Government ready to extend estate leases if more investments made EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Government ready to extend estate leases if more investments made EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Government ready to extend estate leases if more investments made EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Government ready to extend estate leases if more investments made EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Government ready to extend estate leases if more investments made EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Government ready to extend estate leases if more investments made EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Government ready to extend estate leases if more investments made EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
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» RCL - Royal Ceramics
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» AEL Access Engineering
Government ready to extend estate leases if more investments made EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Government ready to extend estate leases if more investments made EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Government ready to extend estate leases if more investments made EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
Government ready to extend estate leases if more investments made EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Government ready to extend estate leases if more investments made EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Government ready to extend estate leases if more investments made EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

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Government ready to extend estate leases if more investments made EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Government ready to extend estate leases if more investments made EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Government ready to extend estate leases if more investments made EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Government ready to extend estate leases if more investments made EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Government ready to extend estate leases if more investments made EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Government ready to extend estate leases if more investments made EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Government ready to extend estate leases if more investments made EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Government ready to extend estate leases if more investments made EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Government ready to extend estate leases if more investments made EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Government ready to extend estate leases if more investments made EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Government ready to extend estate leases if more investments made EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Government ready to extend estate leases if more investments made EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Government ready to extend estate leases if more investments made EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Government ready to extend estate leases if more investments made EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Government ready to extend estate leases if more investments made EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Government ready to extend estate leases if more investments made EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Government ready to extend estate leases if more investments made EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Government ready to extend estate leases if more investments made EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Government ready to extend estate leases if more investments made EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Government ready to extend estate leases if more investments made EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Government ready to extend estate leases if more investments made EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Government ready to extend estate leases if more investments made EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Government ready to extend estate leases if more investments made EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Government ready to extend estate leases if more investments made EmptyTue Dec 10, 2019 5:23 pm by Backstage

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Government ready to extend estate leases if more investments made

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Government ready to extend estate leases if more investments made Empty Government ready to extend estate leases if more investments made

Post by The Invisible on Mon Jul 22, 2019 7:38 pm

Jul 22, 2019 10:07 AM GMT+0530 | 0 Comment(s)


ECONOMYNEXT – Sri Lanka’s government is willing to consider extending leases of plantations to private management companies provided they make the necessary investments needed for their long term sustenance, Plantation Industries Minister Navin Dissanayake said.

The government was concerned by lack of investments by regional plantations corporations (RPCs) in state-owned estates whose management was privatised, he told a news conference.

One particular concern was inadequate replanting of tea as many estates had aging bushes and soils were also depleted of their nutrition.

“The annual target for replanting tea estates is two percent,” Dissanayake said. “But only about 0.5-1 percent happens.”

The government is trying to encourage RPCs to improve the replanting rate as it is important for the long term survival and growth of estates they had leased, he said.

The state-owned plantations, growing mainly tea, rubber and coconut, were given on 53-year leases to RPCs to manage in a privatisation exercise in 1992 meant to ease the burden on the government of financing their losses.

But RPCs had maintained the leases were not long enough for them to make investments whose returns would be felt only in the long term.

The leases are set to expire in 2045.

“If the RPCs want to increase the leasehold we are willing to give longer leases,” Dissanayake said.

“But they must commit to making the required investments. Some companies have abrogated their responsibilities and are not doing well – about 3-4 firms.”

Dissanayake said Sri Lanka needed to ensure its tea production levels did not decrease to prevent loss of tea market share.

“We have to somehow maintain it around the 300 million kilo level. That’s why replanting is so important.”
(COLOMBO, 22 July, 2019)

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