Indian interference halts resumption
Posted on July 15th, 2012
Written byƒÆ’-¡ƒ”š‚ 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 byƒÆ’-¡ƒ”š‚ neighboring India, said a senior government official.
ƒÆ’‚¢ƒ¢-¡‚¬ƒ…-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 LankaƒÆ’‚¢ƒ¢-¡‚¬ƒ”š‚, 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.
July 16th, 2012 at 6:00 am
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 !.
July 17th, 2012 at 4:46 am
The said factory must be closed down completely because of the eroding lime stone deposits of the Jaffna peninsula.