Introduction The Cabinet of Ministers of Sri Lanka, during its session on October 28, 2024, discussed and approved several important i...
Introduction
The Cabinet of Ministers of Sri Lanka, during its session on October 28, 2024, discussed and approved several important initiatives that aim to enhance governance, international collaboration, economic development, and public welfare. These decisions reflect the government’s ongoing commitment to socio-economic growth, sustainability, and strengthening bilateral relations.
Summary Report
- Dispute
Prevention and Resolution Mechanism
A new mechanism for preventing and resolving disputes within the public sector was approved, supported by the International Labor Organization and the United Nations Peace Building Fund. This initiative includes the "Public Service Social Discourse Program" and "Social Dialogue for Peace and Crisis Prevention," aimed at fostering harmonious workplace relations.
- MOU
with Ohio University
Sri Lanka's Institute of Biotechnology will collaborate with Ohio University in the USA to advance biotechnology research, innovation, and education. This partnership seeks to enhance Sri Lanka’s biotechnology sector through technology transfer and academic cooperation.
- Trade
Cooperation with Indonesia
The Cabinet approved a joint application with Indonesia for the United Kingdom’s trade scheme for developing countries. This agreement focuses on obtaining preferential trade benefits for the garment industry, utilizing interregional trade provisions.
- Long-Term
Lease for Tea Research Institute
The Sri Lanka Tea Research Institute in Galle was granted a long-term lease to continue supporting the tea industry through field demonstrations and training, reinforcing Sri Lanka’s agricultural research infrastructure.
- Completion
of Police Welfare Building
Additional funds were allocated to complete the Police Welfare building's auditorium after project delays, with the updated budget ensuring timely completion under revised cost estimates
- LPG
Supply Contract for 2025
The Cabinet awarded the contract for liquefied petroleum gas (LPG) supply for 2025 to M/S OQ Trading Limited, following an international competitive bidding process. This move secures a stable LPG supply for the upcoming year.
These decisions underline Sri Lanka’s focus on improving public sector efficiency, enhancing international collaborations, supporting key industries, and maintaining resource security, all aimed at promoting national growth and stability.
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