“Young entrepreneurs are the future owners of the country’s economy,” says President
While firmly reiterating that all Sri Lankan businesses must be allowed to do their job while the government will do its job responsibly, President Anura Kumara Dissanayake stated that the young entrepreneurs are the future owners of the country’s economy.
Speaking at the 26th Anniversary celebrations of the Chamber of Young Lankan Entrepreneurs (COYLE) held at the Shangri-La Hotel in Colombo ont Monday, the President said: “You do the business and we will support and provide all assistance as a government. We want all businesses not only to expand within Sri Lanka but also to compete in international markets. Together, we must build new industrialists and innovators. The future of Sri Lanka’s economy is dependent on how much effort all young entrepreneurs put forward in taking their businesses globally.”
He stressed, “Every entrepreneur must evaluate themselves as to what extent are you able to seize new opportunities in the economy? Are you able to find new skills? Are you able to find new markets globally? Are you able to grow your industry within the country? Is it possible to create new job opportunities? Is it possible to create a new generation of a skilled workforce? You are the future owners of our country’s economy; we will support you. We as a government will not come to do business as previous politicians did in the past, but we will help you climb the ladder in your respective businesses.”
The government remains mindful of economic policies that could place undue pressure on the Sri Lankan rupee. Certain fiscal decisions have been aligned with the recommendations of the IMF to maintain economic stability. The government has taken decisive action to rebuild confidence in an economy where trust has eroded. As a result, Sri Lanka, once officially bankrupt, has now emerged from its financial crisis, added Mr. Dissanayake while emphasising the government’s commitment to ensuring that every rupee is spent responsibly, considering it a fundamental duty.
Under the government’s economic strategies, 11 key projects that had been suspended by the Japanese government and 76 projects halted by the Chinese government have now been revived. Additionally, steps have been taken to provide a stable economic environment for investors. The government has facilitated the construction of a 50-megawatt wind power plant in Mannar and successfully attracted large-scale investments in renewable energy. An investment-friendly environment has been established, where investors can proceed without the burden of commission payments, noted Mr. Dissanayake.
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