BOI sign agreement with Switz Lanka
The Board of Investment of Sri Lanka signed an agreement with
Switz Lanka (Private) Limited. Chairman/Director General Mr. Dhammika Perera
signed the agreements and formally presented the Certificate of Registration to
the Investors on behalf of the BOI.
The agreement is to set up a modern facility for breeding poultry. Switz Lanka
is a venture between Switz Group of Saudia Arabia and the Jaywise Group in Sri
Lanka. The project will set up a poultry layer farm in Madurankuliya, Puttalam
District. This project will be the first stage, with the establishment a layer
farm operation eventually leading to egg export, egg processing and setting up
of an industrial bakery. The first stage of the project will involve an
investment of approximately Rupees 150 million.
The Switz group operates in six different countries, namely Saudi Arabia, Oman,
Qatar, UAE, India and the Philippines producing bakery items, breads, liquid
eggs and trading in food ingredients and machinery. The Jaywise Group have a
history in livestock, plantation and dairy production and marketing in Sri Lanka
Mr. Taizoon Khorakiwala (Director) and Mr. M. S. Jeevunjee (Director) signed the
agreement on behalf of Switz Lanka (Private) Limited.
Construction trade fair
Excon 2007 to boost trade between
India and Lanka
Confederation of Indian Industry (CII) is organising Excon 2007, India’s
largest and only focused construction equipment and construction technology
trade fair, in association with Indian Earthmoving & Construction Industry
Association Ltd (IECIAL), Bangalore to be held between November 14 – 18, 2007.
This five-day exhibition is expected to attract 300 exhibitors and 55,000
business visitors across the globe.
Addressing a Road Show on Excon 2007 organised by the CII in association with
Ceylon Chamber of Commerce (CCC) in Colombo Rajitha Senaratne, Minister for
Construction & Engineering Services who was the Chief Guest at the Road Show
said, “There is plenty of potential for expanding the bilateral trade between
Sri Lanka & India. In order to exploit this potential, both countries need to
look at broader areas for cooperation, including the construction sector”.
The minister said that under the Free Trade Agreement (FTA) with India, Sri
Lanka has tremendous potential to enhance its trade with India. Excon 2007 would
give a fillip in enhancing the trade between the two countries especially in the
construction equipment sector.
Mr Vipin Sondhi, Chairman, EXCON 2007 and Managing Director & CEO, JCB India
Limited in his presentation on Excon 2007 said, “Excon is Asia’s third largest
trade fair for equipment industry and amongst world’s top ten construction
equipment & construction technology trade fairs”. Besides showcasing world class
products and services in the construction equipment sector, it would also
demonstrate the technological prowess of the construction equipment industry.
A Letter to the Editor
Plantation workers’ wage
After the Wage Agreement in November 2006, I wrote an article detailing the
remuneration package of the workers including the non-wage benefits enjoyed by
them. Since the plantation workers’ wage has been once again highlighted in the
media, it is prudent to re-visit the subject.
Although, the previous wage agreement was valid until 31st December 2008, the
unions demanded another increase in October 2007 stating that the Government had
given a basic wage of Rs.5,000/- per month to all workers. The increase in the
cost of living was also cited as a reason for this new demand. The Companies did
not agree to the increase and it was finally granted on a Presidential
On the earlier wage package, a worker could earn Rs.6,500/- per month, as 25
days of work are guaranteed. This comprised a Basic Wage of Rs.170/-, a Fixed
PSS of Rs.20/- and an attendance incentive of Rs.70/- (for 75% and over outturn
on days work offered) totaling to Rs.260/- per day.
Consequent to the recent increase, the new package is as follows:-
Fixed PSS Rs. 20/-
Attendance Incentive Rs. 70/-
(same outturn as earlier)
This increase will cost the Companies Rs.1.7 Billion per annum as there are 58
Million man days in the Tea & Rubber Sector. The impact per company is around
Rs.80 to Rs.120 Million per annum depending on the workforce.
A worker could now earn Rs.7,250/- per month. In addition, pluckers and tappers
are paid for “overkilos” which also could be as much as Rs.40/- to Rs.50/- per
day or Rs.1,000/- to Rs.1,250/- per month. The average employment per house-hold
in the Plantation Sector is 2.5 workers and hence the monthly family income is
between Rs.18,125/- to Rs.21,250/- .In addition to the above, the plantation
worker gets many non-wage benefits not enjoyed by the rural/urban worker. These
include housing, water, medical, crèches, transport to hospital, cooking fuel
(all free) which amounts to approximately Rs.90/- per day or Rs.2,700/- per
month. They also get 17 days holiday wages and an attendance bonus of Rs.850/-
per annum. They also enjoy three paid holidays and are also entitled to a five
years’ gratuity (after five years’ service) even if they work one day in a
month. They also receive maternity benefits amounting to Rs.15,840/- for the
first two children and Rs.7,920/- for the third or subsequent children. The
coffins and gravediggers are also provided free of charge. In fact, they are
cared for from the “womb” to the “tomb”.
Trade delegations slot their arrival to SL for IMEXPRO 2008
Trade delegations from 12 countries have already confirmed
their participation at IMEXPRO 2008, an International Import – Export Promotion
Fair to be held from 14-16 February 2008, at BMICH Colombo, Sri Lanka.
The confirmed delegations are from Singapore, Pakistan, South Korea, Oman, Saudi
Arabia, Nepal, USA, Jordan, Italy, India, U.A.E. and the Maldives, while
inquiries are pouring in from several other countries eager to make use of this
‘IMEXPRO 2008’ is organized by the Ceylon Chamber of Commerce in association
with the Ministry of Foreign Affairs, The Ministry of Trade, Marketing
Development, Co-operatives and Consumer Services, The Ministry of Export
Development and International Trade, The Board of Investment of Sri Lanka, The
Export Development Board and the Srilankan Airlines Ltd.
HSBC is the Platinum Sponsor of IMEXPRO 2008 along with the SAARC and Trade
Promotion Projects implemented jointly by the Ceylon Chamber of Commerce and the
German Technical Cooperation (GTZ) on behalf of the German Federal Ministry for
Economic Cooperation and Development BMZ.
Through the GTZ-Supported SAARC and Trade Promotion Projects, IMEXPRO 2008 will
feature a SAARC Trade Pavilion with all the partner organizations in SAARC
countries as well as special stall where business from the eastern region in Sri
Lanka can display their products.
HSBC will be the official banker to facilitate currency transactions for
overseas delegates visiting IMEXPRO 2008.
With the objective of assisting the Sri Lankan and Overseas Business Community
to source suitable business partners, this event will showcase a range of local
and international products and services.
The exhibition will feature products and Services under the categories of
Agro/Marine, Services and Industrial/Manufactured Products sectors.
Participation is open to Sri Lankan and International organisations
With over 300 overseas buyers expected to visit, the visitors will also comprise
Sri Lankan business community, overseas buyers/sellers, exhibitors (local and
foreign) and the general public.
Log on to www.chamber.lk for more information.