Locally-made schoolbag, shoes to go down by 10% from today

27 July 2023 06:12 pm Views - {{hitsCtrl.values.hits}} 3 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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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)

Comments - 3

Sharmila Thursday, 27 July 2023 06:57 PM

Next year another 25 percent reduction because thousands of poor pupils are leaving schools prematurely.

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Citizens Thursday, 27 July 2023 07:42 PM

400 rs!!!!! That's the cost of 2 loaves of bread! Honestly, in the near future you will see people dressed in rags!!

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Amaran Friday, 28 July 2023 08:49 AM

With the revision of Electricity Tariff, the cost of production should come down. Secondly, the companies now must reach out EXPORT MARKET. Having the potential will not help. It must be made use of.

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