Indian interference halts resumption
Posted on July 15th, 2012

Written by  Ishara Gamage Courtesy The Nation

KKS Cement plant

Sri Lanka has temporarily halted the transferring of Kankesanthurai (KKS) Cement factory to any investor outside Sri Lanka and India due to an objection made by  neighboring India, said a senior government official.

“Some regional security matters were raised with regard to this KKS cement deposit. What we heard is that the Indian government is strongly opposed to transferring this deposit to investors other than from India and Sri Lanka”, the government official said.

Earlier, UAE based Ras Al Khaimah Cement Company had expressed interest in reviving the KKS Cement Factory in Kankasanthurai with a US$ 100 million investment. Meanwhile, State Resources and Enterprise Development Ministry has taken all measures to resume operations at the Kankesanthurai cement factory in the near future with a suitable alternative investor, a source from the ministry said.

2 Responses to “Indian interference halts resumption”

  1. Fran Diaz Says:

    GoSL must run our own important enterprises without handing it in toto to ANY outside companies. In partnership, yes, but not a total hand over.

    “Meanwhile, State Resources and Enterprise Development Ministry has taken all measures to resume operations at the Kankesanthurai cement factory in the near future with a suitable alternative investor, a source from the ministry said” – heartening news indeed !.

  2. M.S.MUDALI Says:

    The said factory must be closed down completely because of the eroding lime stone deposits of the Jaffna peninsula.

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