The government has assigned several ministries the task of monitoring the activities of the Competent Authorities appointed to the underperforming enterprises.
Four ministries have been assigned the task of monitoring Competent Authorities appointed to the acquired enterprises.
President Mahinda Rajapaksa has amended the subjects and operations of these ministries through a gazette notification issued last month.
The Defence and Urban Development Ministry has been assigned to monitor the Competent Authorities (CA) appointed to five acquired enterprises.
The five enterprises are the Chalmers Granaries (Pettah), Lanka Tractors Ltd (Pettah and Narahenpita), the former Cashew Corporation and Ceylinco Leisure Properties Ltd, lands situated in Kollupitiya and properties belonging to Suchir Ned Projects (Pvt) Ltd. in Battaramulla.
The Economic Development Ministry is to monitor the Competent Authorities appointed to 29 institutions including Colombo Commercial Company, Continental Vanaspathi (Pvt) Ltd and Sinotex (Lanka) Ltd.
The Productivity Promotion Ministry is to monitor the Competent Authorities appointed to the Pelawatte Sugar Industries Ltd and Sevenagala Sugar Industries Ltd.
The Finance and Planning Ministry is to oversee the activities of the Competent Authority appointed to Hotel Developers (Lanka) PLC.