Free Trade Zone Manufacturers write to President’s Secy.

Tuesday, 5 April 2022 03:37 - - {{hitsCtrl.values.hits}}

Raises concerns on current situation and impact on BOI export industries

The Free Trade Zone Manufacturers Association (FTZMA) has written to the Secretary to the President Gamini Senarath raising concerns about the current situation and its impact on Board of Investment (BOI) approved export industries.

FTZMA has made particular reference to the lack of continuous power supply, fuel and gas shortages, etc.

It was pointed out that BOI exporters are the ones who bring foreign exchange into the country and therefore we are much perturbed by the current uncertainty and unrest prevalent in the country due to the Government’s failure to provide basic necessities to the people and employees who are going through severe hardships.

“We respect our valuable employees exercising their democratic rights in response to such hardships by expressing their resentment in a democratic and peaceful manner,” FTZMA said.

“We as an industry collective have been always helping the economic wellbeing of the country. It is therefore we believe the responsibility of a government is to ensure smooth operations of the industry.

“The current situation of the country is not at all conducive to such. Considering this we shall express our disappointment at the way your Government is managing the situation as there is an imminent danger of major disruption due to employee unrest,” FTZMA letter signed by Chairman Jatinder Biala and Secretary Dhammika Fernando stated.

“Therefore, we urge and support establishing an urgent, solid recovery path back to sustainability and prosperity for the people of this great nation. We look forward to your urgent action to restore normalcy. This is the fervent hope of a hundred strong members of our association and their employees,” it added.

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