2025-09-02
News Categories : Committee News
The Sectoral Oversight Committee on Economic Development and International Relations reviewed the performance of the Ministry of Industry and Entrepreneurship Development and the performance of the five institutions under it.
This took place recently in Parliament under the Chairmanship of Hon. Member of Parliament Ms. Lakmali Hemachandra, Attorney at Law. Hon. Minister of Industry and Entrepreneurship Development Sunil Handunnetti and Hon. Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe also participated in the Committee meeting held.
Accordingly, the performance reports of the Ministry of Industry and Entrepreneurship Development for the years 2023 and 2024, the annual reports of the National Gem and Jewellery Authority for the years 2022 and 2023, the annual report of the Gem and Jewellery Research and Training Institute for the year 2023, the annual reports of the Sri Lanka Export Development Board for the years 2021, 2022, and 2023, the annual reports of B.C.C. Lanka Limited for the financial years 2021/2022 and 2022/2023, and the annual reports and accounts of the National Salt Company for the financial years 2021/2022 and 2022/2023 were reviewed and subsequently approved.
Attention was drawn to the issues prevailing in the country’s industrial sector. The Secretary to the Ministry of Industry and Entrepreneurship Development pointed out that several issues, including the allocation of land to investors according to existing procedures, have persisted for a long time. Accordingly, it was revealed that the process of allocating land for a new industry could take more than 4 years. The Secretary also stated that, according to international concepts, generally 3% of a country’s land area should be allocated for industries, whereas in Sri Lanka this figure stands at only 0.01%.
It was also discussed that in the past, land was not allocated for industries in accordance with a national plan, but rather due to political or other reasons, resulting in various problematic situations. Accordingly, officials revealed that plans are now in place to allocate 50,000 acres of suitable land for industries across the island. The Committee recommended that a report be submitted, in consultation with the Land Reforms Commission, the Urban Development Authority, and the Sri Lanka Export Development Board, on the steps that could be taken and the future plan in this regard.
Attention was also drawn towards the current performance and issues of the National Gem and Jewellery Authority. Officials stated that steps will be taken in the future to merge the National Gem and Jewellery Authority with the Gem and Jewellery Research and Training Institute.
The current performance of the Sri Lanka Export Development Board was also taken into consideration. Officials stated that this is the only institution in the country responsible for promoting and developing exports, and that 5-year plans have been prepared covering sectors including apparel, tea, rubber, spices, information technology, gems, and jewellery. They further revealed that successfully managing U.S. taxation policies, the country’s largest export market, has been a significant achievement, and that with an export income of around USD 15 billion in 2023, the target is to increase this to USD 28 billion by 2028.
Officials stated that the production activities of the National Salt Company are being carried out with high efficiency. They pointed out that due to changes in climatic conditions, natural salt production has decreased in recent times. Accordingly, it was revealed that plans are in place to establish a facility in the Elephant Pass area to artificially produce salt using modern technology instead of the natural process. Officials further stated that the revenue target of the National Salt Company for this year is Rs. 1 billion, which is a 50% increase compared to the previous year.
It was also revealed that although B.C.C. Lanka Limited, a 192-year-old institution, produces high-quality coconut oil, the company has not obtained quality certifications. The current Chairman of the company informed the Committee that many export opportunities have been lost due to this situation, and that immediate steps have now been taken to obtain SLS, ISO, and other quality certifications.
Members of Parliament Hon. Anuradha Jayaratne, Attorney at Law, Hon. Sivagnanam Shritharan, Hon. Nilanthi Kottahachchi, Attorney at Law, Hon. Kanthasamy Prabu, Hon. Wijesiri Basnayake, Hon. Suranga Rathnayaka, and Hon. Thilina Samarakoon participated in this Committee meeting.
2026-06-25
The report submitted by the Central Bank of Sri Lanka to the Committee on Public Finance (COPF) regarding the disappearance of USD 2.5 million that had been held by the Treasury for the repayment of state debt was discussed at a recent meeting of the Committee.The meeting was held in Parliament on the 23rd June under the chairmanship of Hon. Member of Parliament Dr. Harsha de Silva, with the participation of Hon. Deputy Ministers Chathuranga Abeysinghe, Dr. Kaushalya Ariyarathne, and Nishantha Jayaweera, as well as Hon. Members of Parliament Attorney-at-Law Rauff Hakeem, Ravi Karunanayake, Harshana Rajakaruna, Ajith Alahakoon, Nimal Palihena, Attorney-at-Law Chithral Fernando, Wijesiri Basnayake, Champika Hettiarachchi, M.K.M. Aslam, and Attorney-at-Law Lakmali Hemachandra.The report submitted by the Ministry of Finance, Planning and Economic Development to the Committee on Public Finance on the 8th regarding the disappearance of USD 2.5 million was subsequently examined by officials of the Central Bank of Sri Lanka. Following this review, the Central Bank submitted a report containing its observations and views to the Committee.Extensive discussions were held on the report presented by the Central Bank. The Chairman of the Committee on Public Finance stated that, after considering both the report submitted by the Ministry of Finance, Planning and Economic Development and the report submitted by the Central Bank, a final report would be prepared and presented to Parliament in due course.Dr. Harshana Suriyapperuma, Secretary to the Ministry of Finance, Planning and Economic Development; Varuna Sri Dhanapala, Secretary to the Ministry of Digital Economy; Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka and officials of the Sri Lanka Computer Emergency Readiness Team (CERT) were also preset at the meeting.
2026-06-23
The Department of the Public Trustee was summoned before the Committee on Public Accounts (COPA) to examine the Auditor General's triennial report for the years 2021–2023, matters raised in the Auditor General’s Report for 2024 and the Department’s current performance. The discussion took place when COPA met recently in Parliament under the chairmanship of Hon. Member of Parliament Kabir Hashim.During the meeting, the Chairman inquired about the implementation of a recommendation made at the Committee’s meeting in May 2024. The recommendation requested a report containing details of the various avenues through which the Department receives assets, the dates on which those assets were received, the parties that transferred them, and the conditions attached to such transfers.Officials informed the Committee that the relevant report had been submitted. The Committee further recommended that a report on the number of trusts and properties currently held by the Department of the Public Trustee be provided.The Committee also questioned officials regarding the tender process to lease 113 acres of land belonging to the Harry Hapugoda property in Suduvelipotha, Baddegama, Galle. Officials stated that a bid exceeding the assessed value of the property had been received. It was also revealed that portions of the land are being occupied without authorization by various parties.Attention was further drawn to the maintenance of the Richmond Castle building. Officials informed the Committee that modernization and renovation work is expected to commence in July. Committee members also observed that although the coconut harvest from the estate is satisfactory, the property is not being maintained adequately.The meeting was attended by committee member and Hon. Deputy Minister of Vocational Education Nalin Hewage, along with Hon. Members of Parliament and committee members Chanaka Madugoda, J.C. Alawathuwala, Oshani Umanga, Sagarika Athauda (Attorney-at-Law), T.K. Jayasundara, Chandana Suriyaarachchi, Ajantha Gammeddage, Lal Premanath, Ruwanthilaka Jayakody and Sunil Ratnasiri.
2026-06-23
The Ministerial Consultative Committee on Education, Higher Education, and Vocational Education met recently in Parliament under the chairmanship of the Hon. Prime Minister and Minister of Education, Higher Education, and Vocational Education, Dr. Harini Amarasuriya. During the meeting, Hon. Members of Parliament raised a range of current issues affecting the education sector.The Committee discussed several matters, including the need to introduce a standardized plan and model for primary school construction, administrative issues in assisted schools, teacher transfer-related concerns, the progress of school construction projects at the provincial level, challenges within the vocational education sector and future development plans.Following discussions with relevant officials, the Hon. Prime Minister instructed them to take immediate action to address the issues raised and to implement the necessary measures without delay.The Committee also reviewed the progress of the subcommittees established under the Ministerial Consultative Committee.The meeting was attended by the Hon. Deputy Minister of Education and Higher Education, Dr. Madhura Seneviratne, the Hon. Deputy Minister of Vocational Education, Nalin Hewage, a group of Hon. Members of Parliament and officials including the Secretary to the Ministry of Education, Higher Education, and Vocational Education, Mr. Nalaka Kaluwewa.
2026-06-19
The Ministerial Consultative Committee on Environment focused its attention on the issue of water pollution in the Kelani River when it met in Parliament recently (10th June) under the chairmanship of the Hon. Minister of Environment, Dr. Dammika Patabendi.During the meeting, the Committee was briefed on the progress of discussions being held with companies that have expressed willingness to invest in a project aimed at cleaning the waters of the Kelani River.The Committee also discussed a number of proposals and other issues raised by Hon. Members of Parliament.The meeting was attended by Hon. Members of Parliament and officials.
Handbook of Parliament
The System of Elections in Sri Lanka
How Parliament Works
Business of Parliament
Copyright © The Parliament of Sri Lanka.
All Rights Reserved.
Design & Developed by TekGeeks
