Fully equipped 50 Lanka Sathosa outlets to be opened next week

November 20, 2024

World - Business

Fully equipped 50 Lanka Sathosa outlets to be opened next week

March 21, 2017

Country’s state owned large scale retail network, the Lanka Sathosa will open 50 new, fully equipped outlets across the country on 28th March under the patronage of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, said Minister of Industry and Commerce Rishad Bathiudeen.

The total number of Lanka Sathosa outlets planned is 500 and by the end of this year all 500 will be activated, the minister said.

He was addressing the Cooperatives Provincial Ministers’ Summit at BMICH yesterday (20th March).

“Once we complete 500 outlets by end of 2017, we will stop Lanka Sathosa outlet network expansion. Thereafter, we will expand in a new way. We will be establishing Lanka Sathosa retail franchises with existing private grocery shops and usual retailers. The total number of planned such retail franchises across the country is 8000”, he said

At present, Lanka Sathosa has 325 outlets across Sri Lanka reporting an annual network turnover of Rs. 30 billion. Among other important projects in its restructuring are installation of 125 new CCTV systems, setting up of five laboratories, and installation of Human Resource Information System to manage its 3500-employee squad island-wide.