Due to local industry lapses: Rubber may have to be imported – Cabraal

By Gagani Weerakoon and Methmalie Dissanayake | Published: 2:00 AM Jan 8 2021
News Due to local industry lapses: Rubber may have  to be imported – Cabraal

By Gagani Weerakoon and Methmalie Dissanayake

State Minister for Money and Capital Market and State Enterprise Reforms Ajith Nivard Cabraal yesterday (7) noted in Parliament that Sri Lanka might be compelled to import rubber in the coming months and that the price of rubber would increase further.

The State Minister made this remark in response to an Oral Question raised by SLPP MP Mohomad Muzammil. 

Muzammil pointed out that the rubber industry in Sri Lanka has lapsed as a result of rubber lands being partitioned and sold as small plots. In response, Cabraal said that a new mechanism will be implemented to prevent the selling of rubber lands in this manner. 

It was also revealed that Rs. 181 billion was spent on importing rubber from 2015 to 2019. 

By Gagani Weerakoon and Methmalie Dissanayake | Published: 2:00 AM Jan 8 2021

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