Annual Report 2010 - Ministry of Finance and Planning

Ministry of Finance and Planning Sri Lanka > Annual Report 2010Performance Issues ChallengesHealthState Pharmaceuticals Corporation (SPC)• Total income has increased marginally • Lack of coordination betweenduring the last 5 yearsMedical Supplies Division and SPC• Recurrent expenditure and total cost of in procurement of drugsemployment have also increased• Poor liquidity position• Inadequate island widedistribution channel• Lack of proper MIS including stockcontrol systemState Pharmaceuticals Manufacturing Corporation (SPMC)• Recorded an increasing trend in sales • Prevailing high unit cost of drugs isincome over the last five years, ana concernincrease of almost 3 fold over 2006 • Lack of awareness among the• Revenue has not increased at the same general public on SPMC productsmagnitude compared to the selling anddistribution expenses which has beenincreasing year on year by more than100%Education and TelecommunicationInformation Communication Technology Agency of Sri Lanka (ICTA)• ICTA is the single apex body involved in • Delay in providing access to theICT policy and direction for Sri Lanka public to avail government services• ICTA is involved in implementing e-Sri through usage of IT facilitiesLanka programme• Delay in connecting all the• The programme includes ICT policy, government institutions to shareleaders and institutional development information.component, ICT human resource and • Delay in penetrating the ruralcapacity building component andmarket to improve IT knowledgeICT investment and private sectordue to non availability of localdevelopment componentlanguage keyboards, layouts and• Completed substantial amount of the other infrastructure facilitiesprogramme objectives and has appliedfor the second phase of the projectNational Institute of Business Management (NIBM)• Currently conduct Degree, Diploma • Scope and scale limitationsand Certificate programmes in the fieldof Management and MIS and conductworkshops and seminars for theorganization• NIBM performance is gradually andsystematically increasing and hasrecorded positive trends in income, netprofits and net asset position during thepast years• Develop a medical drug qualityassurance system• Be the key player in implementingnational drug policy• Capital infusion to introducenew technology to increase theproduction capacity of SPMC toget economies of scale• Engage in research anddevelopment to introduce newdrugs and medical equipment• Cater to the foreign markets,competing with other South Asianmedical drugs producers• Promote Sri Lanka as a destinationfor quality IT-BPO services andearn high export income to thecountry• Build necessary connectivityinfrastructure throughout thecountry to connect villages andtowns to the world.• Introducing a mechanism toensure quality of IT education• Upgrade the institution towardsfee levying government ownedprivate university• Be a part of attracting 50,000foreign students to the country239