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ERAN WICKRAMARATNE YESTERDAY PARLIAMENT VEDIO CLIP.mpg - Google Drive.mp4_snapshot_09.35_[2016.04.13_08.11.49]

Colossal losses that state-run SriLankan Airlines was made to suffer since ex-President Mahinda Rajapaksa chased away Emirates Airlines, and a questionable aircraft deal, is a national financial crime, Deputy Minister Eran Wickramaratne said.

SriLankan Airlines, which made profit of 4.4 billion rupees in 2008, the year in which the management agreement with Emirates Airlines ended, has lost 107 billion rupees since, then.

The Rajapaksa administration had cancelled the visa of then Chief Executive Peter Hill because he did not bump enough paying passengers to accommodate a large entourage of the President Mahinda Rajapaksa in a single aircraft, he said.

“The CEO had said ‘We should not offload all these passengers since they are citizens and they are paying passengers where there is a contract’,” Wickramaratne told parliament.

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DSC7599-Eran-2

A banker-turned-politician Eran Wickramaratne, Sri Lanka’s deputy minister for highways and investment promotion, says trade and investment with India can grow exponentially. He, however, makes a strong case for reduction in non-tariff barriers (NTBs). In an interview with Sanjay Jog, he explains how both countries can prosper and help the region grow.

The heads of India and Sri Lanka have said economic ties are the pillars of the relationship between the two nations. What is your take?

There has been normalisation of relations since the change of presidency in Sri Lanka after January. President, Maithripala Sirisena visited India and Prime Minister Narendra Modi visited Lanka. This is significant. In the past, the relationship was more politically driven. In future, it will be driven by economic partnership. That’s the way to go.

 

 

Times 1004

Sunday Times – 10/04/15

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