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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2344

Record Income of Rs. 27.60 Million netted from Gem Land Auction

Sunil C. Perera - Reporting from Colombo

Colombo, 13 May, (Asiantribune.com):The Government earned Rs. 27.6 million by auctioning the gemming rights of 49, 10 perch blocks of the Paradise estate Kuruwita. The auction organized by the National Gem & Jewellery Authority was held at the BOI Auditorium in the Seethawakapura Industrial Park.

It was revealed that on the Instructions of Minister of Enterprise Development & Investment Promotion Rohitha Bogollagama arrangements were made for the Gem Land Auction to be held with complete transparency where the bidders were able to bid for their choice without fear or favour. Arrangements were also made to conduct the auction without any outside influence.

Paradise Estate vested under the Land Reform Commission is known as a land with heavy Gem deposits. A large number of bidders were present at the auction held yesterday.

The National Gem & Jewellery Authority has made arrangements to handover the respective lands to successful bidders on the same day after the full payment is deposited.

Chairman National Gem & Jewellery Authority Hasitha Tillekaratna said that this is the highest income earned for the past five years through a Gem land auction and it has exceeded their target by Rs.7 Million. The Chairman thanked all the officers of the National Gem & Jewellery Authority who worked hard for the last few weeks to make this event a success.

- Asian Tribune -

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