{"id":90767,"date":"2019-06-25T16:04:25","date_gmt":"2019-06-25T23:04:25","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=90767"},"modified":"2019-06-25T16:04:25","modified_gmt":"2019-06-25T23:04:25","slug":"shipbuilding-and-boat-building-in-peril","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/06\/25\/shipbuilding-and-boat-building-in-peril\/","title":{"rendered":"SHIPBUILDING AND BOAT BUILDING IN PERIL"},"content":{"rendered":"

Dr Sarath Obeysekara <\/em><\/span><\/h2>\n\n\n

There was a news\nabout Colombo Dockyard which is a BOI company which generates much needed\nforeign currency ,has delivered a state of the art Cable Laying vessel for a\nJapanese customer .<\/p>\n\n\n\n

Managing\nDirector of the company stated that they are expecting an order to build a\ntrailing suction hopper dredger for the Sri Lanka Land Reclamation and\nDevelopment Corporation ( SLLRDC) . I am sure that the funds for the above job\nneed to be allocated by the government of Sri Lanka ,either by borrowing or\nprinting money .<\/p>\n\n\n\n

 51% of the profit generated by the company\nwill be pumped away by the Japanese Investor, and y will be taking out the\nmoney from the coffers of the treasury.<\/p>\n\n\n\n

What the\ngovernment should endeavor to do is to create a investment friendly atmosphere\nin Sri Lanka ,so that foreign companies places orders with Colombo Dockyard ,so\nthat foreign currency flowsin to the country .<\/p>\n\n\n\n

We have started a shipyard in Sri Lanka\n,which is not a BOI company .has to obtain Temporary Import and Export permit (\nTIEP) with much struggle going post to pillar from Ministry of Industries to\nSri Lanka customs to undertake the a job for Maldives . Even after obtaining\nTIEP company has to give Bank Grantees to the Sri Lanka Customes for the\nestimated value of the custom duties for the material imported .This has caused\nan enormous cash flow problem for the company as the banks keeps funds in their\ncoffers as security .Same company imported equipment for the shipyard and paid\nover 50 million. Custom duty .Company has failed to declare the value of design\nof the equipment to customs during clearing ,Customs received a petition and\nheld an inquiry against the Company and slammed a 24 millon as penalty .<\/p>\n\n\n\n

This a clear example of Sri Lankan\nGovernment how they try to promote the Ship\/Boat Building Industry in the\nforefront .<\/p>\n\n\n\n

Premiere keeps talking about taking the\ndriving seat in investment promotion ,without studying the necessity to ease\nbureaucracy in Customs and Sri Lanka Treasury .<\/p>\n\n\n\n

Premiere inaugurated a NES ( National\nExport Strategy ) which was earmarking to earn over 28 billion US $ by 2022!<\/p>\n\n\n\n

Of course it was an unexpected drawback to\nNES after the Easter Sunday Attack ,but government should place themselves in a\nhigh gear mode to provide feacilities and ease the investments by changing\ncurrent regulations in Customd and Sports so that foreign companies start\ncoming in .<\/p>\n\n\n\n

By looking at the current affairs in\npolitical landscape ,when HE and Premiere in a tug of war before the election ,\nwe should be wary of the ouctcome.<\/p>\n\n\n\n

We need a dramatic change in political\nweather front  <\/p>\n\n\n\n

 Dr\nSarath Obeysekara <\/p>\n","protected":false},"excerpt":{"rendered":"

Dr Sarath Obeysekara There was a news about Colombo Dockyard which is a BOI company which generates much needed foreign currency ,has delivered a state of the art Cable Laying vessel for a Japanese customer . Managing Director of the company stated that they are expecting an order to build a trailing suction hopper dredger […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[],"class_list":["post-90767","post","type-post","status-publish","format-standard","hentry","category-dr-sarath-obeysekera"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/90767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=90767"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/90767\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=90767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=90767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=90767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}