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President emphasizes need for an urgent transition to a green economy

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President Ranil Wickremesinghe has announced that a foundation is presently being established to advance Sri Lanka’s economy to a global level over the next five years by implementing green economic policies.

The President made this statement while attending the ceremony held today (02) for the opening of Volta Auto Tec Engineering Private Limited, Minneriya.

As a solution to the current fuel crisis in the country, when there is a need for electric motorcycles and three wheelers, Volta Auto Tec Engineering Private Limited has facilitated the purchase of assembled tractors, electric motorcycles and three-wheelers from today onwards.

At present, Volta Auto Tec Engineering Private Limited has established a collaborative production partnership with India, and has reported receiving orders from countries such as Vietnam.

During his visit to the factory, the President inquired about the assembly process of bicycles, electric motorcycles, and tricycles from the officials.

A representative from a local farmers’ organization also presented a souvenir to the President marking this occasion.

Further speaking President Ranil Wickremesinghe said:

“I am delighted to have come to see the talents of the Volta Auto Tec Engineering Private Limited. The government is looking into ways of supporting this initiative. We should appreciate this step taken to create a green economy. All should work to shift the country’s economy to a green economy by implementing such projects. Now, the countries of the world are moving towards a green economy. As Sri Lanka, we should also embark on that journey.Sri Lanka has the potential to achieve many advantages by moving towards a green economy in the next five years. In this regard, the country needs such investors and businessmen who stand up on their own. Therefore, I congratulate Mr. Jagath Makavita on this initiative.”

Minister of Sports Roshan Ranasinghe, Minister of Power and Energy Kanchana Wijesekera, State Ministers Dilum Amunugama, Siripala Gamlath, Premitha Bandara Tennakoon, Presidential Senior Adviser on National Security and Chief of Presidential Staff Sagala Ratnayake, former Minister Ravi Karunanayake, former Member of Parliament Chandrasiri Sooriyaarachchi, Chairman of Volta Auto Tec Engineering Private Limited Jagath Makavita and others were present on this occasion.

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Nadeesha wins Silver at Asian Games

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Nadeesha Dilhani Lekamge has won the silver medal in the women’s javelin throw event at the 2023 Asian Games currently being held in Hangzhou, China.

She won the silver with an impressive throw of 61.57m which is also her personal best.

India’s Annu Rani won the gold medal in the event while China’s Lyu Huihui won the bronze medal.

This is the first athletics medal for Sri Lanka at the Asian Games in 17 years and only the second medal for the island nation so far this year.

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Fish processing unit at Oluwil to be leased

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The cabinet has previously given approval to reactivate the unused fish processing plant in the Oluwil fishing port premises and provide facilities to the TES (Private) Company Limited to run fish processing activities.  

Accordingly, the Cabinet of Ministers approved the proposal presented by the Minister of Fisheries to lease the fish processing unit located in the Oluwil Ports Complex to TES (Private)  Company Limited for a period of 10 years subject to the relevant rent being charged monthly, as recommended by the Cabinet Appointed Negotiation Committee.

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Cabinet approval to sign pact for 1,996 housing units under Chinese donor programme

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The Government of China has given its concurrence to finance a grant of Yuan 552 million to the Government of Sri Lanka in order to construct 1,996 housing units.

The grant is provided as assistance for the urban restoration project implemented as per the decision to house the residents of low – facility housing schemes within the Western province in houses in the urban housing schemes with facilities. 

The Government of Sri Lanka would be responsible for land development and supply of infrastructure facilities up to the site limit. 

Accordingly, the Cabinet of Ministers approved the proposal submitted by the Minister of Urban Development and Housing to sign the agreement to the relevant project implementation with the Government of China.

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