Colombo industries warn of Chinese take over

by Sivakami
Aug 19, 2018

Industries in Colombo have warned that Chinese companies are taking over local industry and this would bring about the "collapse of local construction companies within years", the Sunday Times reports. 

Stating that Chinese companies were handling around 40 percent of construction projects, the Construction Industry Development Authority (CIDA) claims the China International Construction (CHINCA) intends to take over 70 percent. 

CIDA has called on the government to approve legislation to protect local construction companies, the paper reported.  

Read more here. 
 

Add new comment

About text formats

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
  • Global and entity tokens are replaced with their values. Browse available tokens.

Restricted HTML

  • You can align images (data-align="center"), but also videos, blockquotes, and so on.
  • You can caption images (data-caption="Text"), but also videos, blockquotes, and so on.
  • Global and entity tokens are replaced with their values. Browse available tokens.
  • You can embed media items (using the <drupal-media> tag).

We need your support

Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.

Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view

We need your support in keeping our journalism going. Support our work today.

link button