R.M. Manivannan: The Man Taking Over Sri Lanka's Aviation, Energy, and Fuel Sectors Amid Rajapaksa’s Control and Blind Opposition to Real Foreign Investors

[ThinkTank]

R.M. Manivannan has emerged as a significant figure in Sri Lanka’s economic landscape, gaining control over critical sectors such as aviation, energy, and fuel supplies under the Rajapaksa government. Despite this consolidation of power, genuine foreign investors face strong resistance, highlighting a troubling trend in the country’s investment climate.

Control Over Key Sectors

Energy and Fuel Supplies:
Manivannan’s influence in the energy sector is extensive. As the country envoy to Coral Energy, a Dubai-based energy firm, he plays a pivotal role in the supply of fuel to Sri Lanka. His involvement in decision-making at the Ceylon Petroleum Corporation (CEYPETCO) raises questions about who truly governs the energy policies in the country​ (LNW Lanka News Web)​. Reports indicate that Manivannan's decisions often override those of the official leaders, pointing to a significant overreach of authority.

Aviation:
Manivannan’s Supreme Global Holdings has entered the bidding process to acquire Sri Lankan Airlines. This consortium includes Sherisha Technologies from India and MBS Global Investments from Qatar. The move is positioned as a strategic effort to revitalize the struggling airline, leveraging financial and operational expertise from these international partners​ (The Lanka Leader)​​ (Lanka Sara)​. However, it also signifies Manivannan's growing control over another critical national industry.

Satellite Frequencies:
Manivannan’s connection to the Rajapaksa family is well-documented. During Mahinda Rajapaksa's regime, Manivannan’s company, Supreme Sat, was claimed to have launched Sri Lanka’s first satellite. This project, known as the ‘Satellite Saga,’ is infamous for its dubious success and significant financial implications, further entrenching Manivannan’s ties to the political elite​ (LNW Lanka News Web)​.

Resistance to Genuine Foreign Investors
Despite the apparent openness to international partnerships, there is a notable resistance to genuine foreign investors. The Rajapaksa government and its supporters have often opposed large-scale investments from abroad, preferring to consolidate power and resources within a small circle of local actors like Manivannan​ (The Lanka Leader)​. This selective acceptance of foreign involvement raises questions about the motivations behind such decisions and the potential for corruption and mismanagement.

Implications for Sri Lanka
Manivannan's expanding influence is not without controversy. His ability to secure government contracts and manage state finances without substantial opposition suggests a lack of transparency and accountability within the government. This dynamic is particularly troubling given Sri Lanka's ongoing economic challenges, where foreign investment and sound governance are crucial for recovery and growth​ (LNW Lanka News Web)​.

Moreover, the blind eye turned towards Manivannan’s growing control by both the government and opposition indicates deeper systemic issues. This situation points to a possible alignment of interests between political figures and influential business leaders, undermining the country’s democratic processes and economic integrity.

Conclusion
As Sri Lanka navigates its economic future, the role of influential figures like R.M. Manivannan will continue to be a focal point of scrutiny and debate. His control over key sectors such as aviation, energy, and fuel supplies, under the auspices of the Rajapaksa government, exemplifies the complex interplay between politics and business in the country. Addressing these issues transparently and equitably will be essential for ensuring sustainable development and economic stability in Sri Lanka.