Chairman of the state-owned dairy producer and marketer, MILCO, Renuka Perera has tendered his resignation.
Perera announced his resignation via a letter to the Secretary of the Ministry of Finance.
In his letter, Renuka Perera has cited objections to the privatization of MILCO despite its profitability.
Stating that the company had increased the cost of milk procured from local dairy farmers despite the economic difficulties, he added that the company still offers milk powder for a lesser price than other companies.
Pointing out the recent developments of the MILCO company under his leadership, Renuka Perera objected to the company being privatized with the involvement of an Indian Company.
In October this year, it was revealed that MILCO was among 33 dairy farms owned by the National Livestock Development Board (NLDB), which were to be sold.
At the time, it was also reported that Cabinet approval was received to sell Milco to India’s Amul Dairy Company.
MILCO Chairman Renuka Perera’s resignation comes in the backdrop of such moves by the government. (NewsWire)
