Sugar factory – Newswire https://www.newswire.lk Sri Lanka's largest News aggregator Tue, 19 Aug 2025 08:21:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.8 https://www.newswire.lk/wp-content/uploads/2020/05/favicon.png Sugar factory – Newswire https://www.newswire.lk 32 32 Pelwatte & Sevanagala sugar factories to be developed as tourist attractions https://www.newswire.lk/2025/08/19/pelwatte-sevanagala-sugar-factories-to-be-developed-as-tourist-attractions/ Tue, 19 Aug 2025 08:21:37 +0000 https://www.newswire.lk/?p=199529

Cabinet approval has been granted for the implementation of two projects for the development of some selected premises of theContinue Reading

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Cabinet approval has been granted for the implementation of two projects for the development of some selected premises of the Pelwatte and Sevanagala sugar factories as tourist attractions.

According to the government, four selected places in the Pelwatte sugar factory premises have been identified as tourist attractions, drawing special attention to ecotourism, agrotourism, wellness tourism, and conservation-based tourism.

The sites have been recognized based on the recommendations of the feasibility study conducted by the Public-Private Partnership National Agency. 

Furthermore, four places of the Sevanagala sugar factory have also been identified as sites that could be developed as tourist attractions. 

Accordingly, the Cabinet of Ministers has approved the joint proposal presented by the Minister of Tourism and the Minister of Industry and Entrepreneurship Development to implement two projects under the Public-Private Partnership National Methods for this purpose.

Per the proposal, the selected areas of the Pelwatte sugar factory and the Sevanagala sugar factory, which are under Lanka Sugar (Pvt) Ltd, will be developed into tourist attractions. (Newswire)

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Pelwatte and Sevanagala sugar factories in crisis due to state inefficiency https://www.newswire.lk/2025/07/29/pelwatte-and-sevanagala-sugar-factories-in-crisis-due-to-state-inefficiency/ Tue, 29 Jul 2025 13:36:36 +0000 https://www.newswire.lk/?p=196885

Opposition Leader Sajith Premadasa has raised serious concerns over the deteriorating state of the Pelwatte and Sevanagala sugar factories, blamingContinue Reading

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Opposition Leader Sajith Premadasa has raised serious concerns over the deteriorating state of the Pelwatte and Sevanagala sugar factories, blaming government mismanagement for the ongoing crisis.

Issuing a statement, Premadasa said that despite repeated warnings, the two state-owned institutions, once considered national assets, are now facing deep financial and operational troubles.

He revealed that the Pelwatte Sugar Company has failed to pay EPF contributions for the past nine months, accumulating dues of Rs. 324 million, along with Rs. 23 million in penalties. He also noted that the company had taken loans of Rs. 500 million in August 2024, Rs. 1 billion in November 2024, and another loan recently to pay salaries.

According to Premadasa, Pelwatte owes Rs. 300 million to farmers and Rs. 400 million to suppliers. The factory employs 3,795 staff and supports around 5,700 farming families.

Sevanagala is in a similar situation, he added, with outstanding payments of Rs. 205 million to farmers, Rs. 150 million in EPF arrears, Rs. 100 million to suppliers, and Rs. 400 million in unpaid VAT to the government. The factory employs 1,300 workers and sustains about 3,900 farming families, while owing Rs. 200 million to the Bank of Ceylon, the opposition leader revealed.

Premadasa accused the government of turning a blind eye to these issues, despite being repeatedly questioned in Parliament. He urged the government and the relevant minister to take immediate steps to protect these vital industries and safeguard the livelihoods of thousands. (Newswire)

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