Minister of Industry and Entrepreneurship Development, Sunil Handunneththi visited the Panadura factory of City Cycle Industries Manufacturing (Pvt.) Ltd, known as Lumala, on Monday, March 24.
During the visit, Minister Handunneththi engaged with senior officials and employees to understand their concerns and operational difficulties.
The visit comes amid growing concerns from Lumala employees and management regarding the state of Sri Lanka’s bicycle manufacturing industry, in the backdrop of facing significant challenges, including an influx of imported bicycles and components that circumvent regulatory checks.
The high taxes on raw materials used in local manufacturing has further exacerbated production costs, making it difficult for domestic manufacturers to remain competitive.
Earlier this year, Lumala employees called for urgent Government intervention to address these challenges, warning that ongoing financial strain could lead to further shutdowns of critical production units, job losses, and setbacks to the broader industrial ecosystem.
