The government this week ‘fast-tracked’ the take-over of 37 private assets through controversial laws but has been struggling for more than four years to restructure 23 loss-making state ventures.
Some of these enterprises were not operating for around four to seven years while others have been defunct for over seven years.
TESS cannery to cut canned fish imports
Tropic Engineering Supplies and Service (TESS) Group, through its subsidiary, Tess Pvt Ltd will set up a tinned fish cannery in a bid to reduce canned fish imports, officials said. “We are trying to can the small fish for the local markets, which is why we want to set up this cannery,” Dilshan Fernando, Director Tess Pvt Ltd told the Business Times.
