11 April 2023 05:07 pm Views - 1404
The Finance Ministry has decided to bring down the price of school bags and shoes immediately, State Minister Ranjith Siyambalapitiya said.
He pointed out that with the start of the new school term, parents are having a hard time buying shoes and bags for their children.
The minister said this while attending a discussion held at the ministry today on the price of school bags and shoes.
Currently, the import of shoes and bags has been completely suspended and only raw materials are being imported for local production.
The minister pointed out that the price of school bags and shoes in the local market should be reduced according to the depreciation of the dollar.
Minister Siyambalapitiya ordered the Trade and Investment Policy Department to look into the matter and give a report within a week.
If the prices do not come down, he will immediately notify the President and take appropriate measures to reduce the price, the Minister further stated. (Chaturanga Pradeep Samarawickrama)