Anjali Sharma
GG News Bureau
WASHINGTON DC , 24th May. Sri Lanka President Media Division on Thursday said that the directive aligns with President Ranil Wickremesinghe’s instruction that state enterprises should not be offered for private sector investments below their assessed value.
Sri Lankan State Minister for Urban Development and Housing Arundika Fernando announced that state enterprises are now open to private sector investments, but only at the government’s assessed value, according to the president’s media division, media reported.
PMD said that the government has granted authorization to seek investors for various enterprises falling under the purview of the ministry, with the aim of ensuring their systematic maintenance.
It added the move is anticipated to facilitate transparent investment procedures for establishments like Hilton Hotel, ultimately enhancing the financial reserves of the government and the orderly management of these entities.
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