Business Times

NCCSL embarks on new work plan to improve trade with Asia

The National Chamber of Commerce of Sri Lanka (NCCSL) is to implement a new work plan aimed at improving trade and investment in Asia.

Asoka Hettigoda, newly elected President of the NCCSL, outlining these issues at the 52nd Annual General Meeting held in Colombo recently, said priority will be given to skills development, improving trade and investment in the Asian Region with a focus on Small and Medium Enterprises(SME) and promoting sustainable development.

The NCCSL will embark on an aggressive skills development programme and hope to be positioned as a centre of excellence for training. Mr. Hettigoda applauded the government’s recent decision to allow setting up private universities, spur Research & Development, promote the use of English Language and improve IT literacy which bode well in setting up a knowledge based economy.

These activities will have a direct impact on the performance of local companies, building competitive advantages for export sector, while generating more foreign exchange on high skilled foreign employment, he said Historically, being part of the Silk Route, clearly indicates Sri Lanka’s role in regional trade and have become even more critical with globalization.

The government’s strategy to make Sri Lanka a logistics hub will definitely assist trading activities while giving Sri Lankan companies a competitive edge, he added. To support SME development and investment, NCCSL will lobby the banking sector to improve long term low cost lending to SME’s and traditional and non-traditional exporters who add value, Mr. Hettigoda revealed.

A significant section of SMEs in Sri Lanka remain in traditional activities generally with low levels of productivity, poor quality products, serving small, localized markets. There is little or no technological dynamism in this group, and few ‘graduate’ into large size or modern technologies.

The NCCSL will work with the government to support more R&D activities to create new products, introduce new technologies that are sustainable and to assist these companies to enter international markets and to build internationally recognized Sri Lankan brands, he said.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Kalpitiya resort bids cancelled
Forged passports – are job agents responsible?
Crisis-hit Bangladesh apparel buyers turn to Sri Lanka
Govt. postpones restructure of CEB, CPC
Colombo Stock Exchange goes gold in March
Buoyant Ceylon Tea riding high this year
Comforting your aching feet! These shoes are meant for walking
Eminent Lankan astrologer predicts mixed results for Sri Lanka
Retaining the IMF
Sri Lanka’s apparel industry withers GSP+ storm
New life for loss-making government firms
JAAF intervenes to boost the image of 'Juki girls'
SL exports to Asia vital to regain highs
Australian course on soft-skills in Sri Lanka
Sunshine Holdings group post-tax up 38%
Watawala Plantations says 'remarkable growth in profit ' last year
ODEL shows strong 9-month growth, turnover up 42%
Amaya group after tax profits up 4,502% on Reefcomber sale
Subsidy for coconut producers
Tokyo Cement poised for better growth:RAM Ratings
Haycarb reports pre-tax profit of Rs. 548 million for 9 months
Large part of A9 highway to Jaffna re-constructed by local engineers
Heritance Hotels group wins awards for ‘Cleaner Production’
Tourism renaissance in Negombo, Jetwing leads the way
Around 200 homes awaiting registration in home-stay tourism concept
Golden opportunity of demographic bonus to trigger economic growth
‘Polkudu’ treatment for heart ailments
London School of Commerce opens Colombo unit
Ceylon Leather revamping their look, keeping their feel
Cinnamon Hotels holding group after tax profits up 236%
India's Zensar targets Rs. 1 bln from SL in 2 years
Leo Burnett tops Gunn report in new world thinking
Top Sri Lankan expat appointed to Brandix board
Lankan tour guides lament over hard times and reduced commissions
BOI chief Jayampathi quits Hayleys
NCCSL embarks on new work plan to improve trade with Asia
Efutures’ remittance solutions to premier banks
Short week at the Colombo bourse sees dull trades, no lustre
20 to adopt newly-launched Microsoft Lync

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution