27 July 2023 06:12 pm Views - 670
Local schoolbags and shoes manufacturers have agreed to reduce their prices by 10% from today, Finance State Minister Ranjith Siyambalapitiya said.
The manufacturers have taken this decision following discussions with the Minister. They also said the decision was taken to pass on the concessions to the parents after the depreciation of the US dollar.
Earlier, the decision was taken to reduce the prices of local schoolbags and shoes by 10% beginning July 15, the State Minister said.
Accordingly, the price of a schoolbag and a pair of shoes will be reduced by around Rs. 400.
The manufacturers also assured that they would take measures to reduce the prices of schoolbags and shoes, which are currently in the market. (Chaturanga Pradeep Samarawickrama)