Adani to run the RPCs?
View(s):Indian investor Adani Group, in the hot spot over the ECT at the Colombo Port, has now become the centre of discussion among plantation companies as there is speculation the government has invited them to take over some Regional Plantation companies (RPCs).
There was no independent confirmation of these reports. Some of the underperforming RPCs are said to have come under the scanner of the government and it is believed that these would be taken over by the government and be allowed to be run by the Adani Group.
However the RPC sources said if this is true then the companies would have to be taken over by following the right process.
Meanwhile, at the last Collective Agreement meeting between the plantation companies on Friday between the trade unions, RPCs and the Labour Minister, the RPCs had reached agreement with the minister to pay estate workers Rs. 725 including Price Share Supplement of Rs.50 and another Rs.225 as Attendance Incentive and Productivity Incentive that amounted to Rs.1000 according to the current model they were working on.
However, the trade unions had not agreed to this and as a result the minister pointed out that he would continue the meeting with them and concluded the meeting with the RPCs.
(SD)