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President ready to enhance the country’s revenue through a new Cooperative

Jul 3, 2011 12:27:22 PM - itnnews.lk

President Rajapaksa has said that the earnings of the Cooperative which has been included with novel features to suit the new world are making a vital contribution to enhance the country’s revenue.

The President said the Cooperative of the people should be strongly built earning profits and building it to suit the modern world. In a developing society and country, the per capita income was doubled. Efforts were being made to further double it. The per capita income was raised from 800 to 100 Dollars in 2005. It was 2600 last year. The President said their intention was to further raise it to about 5000 US Dollars.

The President was speaking at the Sri Lanka Cooperative Centenary Day celebrations at the Welagedara Stadium in Kurunegala. The Cooperative sector which was damaged by economic slaughterers had been saved and new life injected. As a result, the President said it had been possible to accelerate the development of the country. The Cooperative was part of their life. Because of the links they had with the Cooperative, the President said they took the initiative of developing the sector after assuming office. He noted that economic slaughterers laid their hands of the Cooperative sectors as well as the CWE as they did to the state property. They would not be pardoned by the people.

11 books written on the Cooperative Sector were handed over to the President. The President also handed over keys of 19 houses of the 100 units which have been constructed under the Cooperative Movement. Minister Johnston Fernando presented a memento to the President in addition to a CD containing songs composed on the Cooperative Movement. The President presented the golden Awards to the best Cooperative outlets handed over by the National Cooperative Development Institute. He also presented prizes to the Best Coop City and the Mini Coop City in addition to awards to winners of competition staged at the school level.

Minister Johnston Fernando also addressed the function. Deputy Minister Bashir Segudawood, many Parliamentarians, Governors of the Northwestern, Central and North Central Provinces and the Northwestern Chief Minister were among those who graced the occasion.