The Cabinet of Ministers of Sri Lanka, during its session on October 28, 2024, approved several significant initiatives aimed at improving governance, fostering international collaboration, driving economic development, and enhancing public welfare. These decisions demonstrate the government’s commitment to socio-economic growth, sustainability, and strengthening global partnerships.
Summary Report
Dispute Prevention and
Resolution Mechanism
The Cabinet approved a new mechanism to prevent and resolve disputes within the
public sector. 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, designed to promote harmonious workplace relations and crisis
management.
MOU with Ohio University
The Institute of Biotechnology in Sri Lanka will collaborate with Ohio
University to advance biotechnology research, innovation, and education.
This partnership aims to enhance Sri Lanka’s biotechnology sector through
technology transfer and academic cooperation, aligning with global standards in
biotech development.
Trade Cooperation with
Indonesia
Sri Lanka and Indonesia will jointly apply for the United Kingdom’s trade
scheme for developing countries. This initiative focuses on obtaining
preferential trade benefits for Sri Lanka’s garment industry, leveraging
interregional trade provisions to expand market opportunities.
Long-Term Lease for Tea
Research Institute
The Sri Lanka Tea Research Institute in Galle was granted a long-term lease to
support its ongoing efforts in agricultural research, including field
demonstrations and training. This move reinforces the country’s commitment to
sustaining its renowned tea industry through scientific innovation and
practical training.
Completion of Police Welfare
Building
Additional funds were allocated to complete the Police Welfare building's
auditorium, ensuring the project’s timely completion under revised cost
estimates. This facility is expected to improve welfare services and
infrastructure for police personnel.
LPG Supply Contract for 2025
The Cabinet awarded the liquefied petroleum gas (LPG) supply contract
for 2025 to M/S OQ Trading Limited. Secured through an international
competitive bidding process, this contract guarantees a stable supply of LPG
for the coming year, ensuring resource security for Sri Lanka.
Conclusion
These Cabinet decisions highlight Sri Lanka’s strategic focus on improving public sector efficiency, fostering international collaboration, and supporting vital industries like biotechnology, agriculture, and energy. By prioritizing resource security and economic partnerships, the government is paving the way for sustained national growth and stability.
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