The prices of schoolbags and school shoes have been slashed by 10%, manufacturers have reportedly told State Minister of Finance – Ranjith Siyambalapitiya today (July 27).

This has been conveyed during a discussion held at the Finance Ministry.

The manufacturers have further told the State Minister that they are willing to sell existing stocks of schoolbags and shoes in the market at revised rates.

The price reduction comes after several rounds of lengthy talks between the state minister and the manufactures