Lakdiwa Makes Profit through the Production of New Equipment...
Mr. Nimal Siripala De Silva – Minister of Transport and Civil Aviation is of the view that Lakdiwa Enginnering Institute will be a profit making institute by producing spare parts and equipment for the maintenance of railway tracks. The Minister expressed these views at a ceremony held on 2016.10.07 at the Auditorium of the Ministry of Transport and Civil Aviation at Sethsiripaya premises in order to hand over the sets of equipment including railway track joining nails produced by Lakdiwa Enginnering Institute to the Department of Railways.
Minister further stated that the “Lakdiwa Engineering Institute which is an affiliated institute of the Ministry of Transport and Civil Aviation has become a profitable institute as it opted for new projects”. And also, the Department of Railways will be able to save a large sum of money incurred for purchasing equipment and tools associated with iron from the private sector or for importing the same due to the production of them by the Lakdiwa Engineering Institute.
The Minister further stated that “ the Lakdiwa Engineering Institute has set a good example for the government programme that has been commenced realizing the government policy of maintaining government institutions profitable without the same being privatized. Therefore, the officers including the Secretary to the Ministry have been instructed to direct all the vehicles owned by the Ministry and its affiliated institutes to be repaired to the Lakdiwa Engineering Institute in the future. I am confident that the Lakdiwa Engineering Institute will be able to make profits by grasping this opportunity.
A large sum of money had to be incurred to import the equipment and tools that were handed over today for the maintenance of railway tracks and, the Department of Railways has decided to get such equipment and tools produced by the Lakdiwa Engineering Institute affiliated to the Ministry of Transport and Civil Aviation by saving the money being incurred for importing the same. The Assistant General Manager of the Department of Railways Mr. Dammika Jayasundera expressed here that this move will help save a large amount of foreign exchange being incurred by the Department of Railways.
The Chairman of the Lakdiva Engineering Company Mr. Ravi Gunawardena expressed that “ My company that used to make a profit of Rs. 10 million per a month is now able to make a profit of Rs. 15 to 20 million. I highly honour the constant support and advice given by Hon. Nimal Siripala De Silva – The Minister of Transport and Civil Aviation for maximizing the profit. And also, all the employees are extending their fullest support to the administrative authority to maintain the institute profitably. Therefore, I am dedicated to make this institute the most profitable institute out of institutes under the purview of the Ministry in the future.
A large number of officers including Mr. Thilakaratne Bandara – Assistant Secretary to the Ministry of Transport and Civil Aviation, Mr. Udaya Kumara – Assistant General manager of the Department of Railways and Mr. Ravi Gunawardene – Chairman of the Lakdiva Enginnering company graced the occasion.