1294 Ratnapura SME biz & industries gone

Recent floods have inflicted heavy damages on Ratnapuraโ€™s urban economy-with initial estimates showing more than Rs one billion losses from its damaged industries, businesses and SMEs.

 

โ€œAlmost 1294 businesses and industries have been damagedโ€ said Minister of Industry and Commerce Rishad Bathiudeen on 27 June. Minister Bathiudeen was addressing the progress review meeting of his relief efforts for Ratnapuraย electorate. Ratnapuraย electorateโ€™s relief and recovery efforts were led by Minister Bathiudeen who initially visited the area on June 3 and inspected the status. Minister Bathiudeen was appointed by HE President Maithripala Sirisena forย relief action in Ratnapuraย Electorate in the aftermath of recent floods.

 

โ€œI praise the government officials in Ratnapura for speedy action. The latest reports from the Divisional Secretariat, our IDB and NEDA show that almost 1294 businesses and industries have been damaged. The estimated loss (initial) is at Rs 1040 Millionโ€ said Minister Bathiudeen on 27 June addressing the progress review meeting at Ratnapura DS offices, and added: โ€œThe total families affected inย Ratnapuraย electorate has increased to 10752 (45963 persons) and total houses damaged in the electorate at 2616 of which 2551 partly damaged). The Industrial Development Board (IDB) under me identified 264 small & medium industries inย Ratnapuraย electorate as damaged and needing revival assistance -the estimated cost is Rs 162 million with a loss of livelihoods of 1000 people. Food and dry ration relief was given to the value of Rs 35 million. The Ratnapura DS Office says the National Enterprise Development Authority (NEDA) under me identified 1034 small, medium & micro businesses as damaged and in need of assistance in Ratnapura electorate. Their loss claim is Rs 880 Million which will be verified by officials.โ€

 

According to officials of Ratnapura, the main reason for high losses from businesses is result of many brand new vehicles brought for sale (in showrooms and warehouses) going under water and unable to be re-sold. Another key item was the loss of grocery stocks in the shops.

 

During the recentย floods,ย Ratnapuraย city was inundated unprecedentedly, and residents reported even surrounding lands too were submerged -by 5 to 8 ft water levels at many locations-destroying countless gem mines that the city is famous for and ruining many paddy fields. The most critical need of the victims and theย Ratnapuraย city-that is the drinking water supply-has now been restored but prior to that 50000 litres of water bottles were distributed by the officials to the residents. Even the entire array of destroyed water wells (780) has been renovated. Rs 3.37 Mn is to be distributed next as cash advance for 337 affected families for their urgent repairs (house and furniture).