to produce heavy machinery stressed
By Quintus Perera
Sri Lanka is not producing heavy machinery using modern technology
or manufacturing large vehicles and many other consumer durables
and if Sri Lankans wanted to consume these items, the people needed
revenue which could be provided by exports, said Peter Harrold,
World Bank Country Director in Sri Lanka last week.
the importance of exports at last week’s 13th Annual National
Chamber of Exporters (NCE) Export Awards ceremony held in Colombo,
he said the export market provides the lifeline for domestic industries.
The garment industry is enormously successful and is the key economic
growth despite the ongoing conflict for 20 years. He said that for
the country’s economy to survive there should be very strong
export market and all incentives and encouragement have to be geared
to achieve this end. To improve the export sector there should be
a better tax structure with a gradual reduction of tariff to encourage
also stressed the importance of attracting foreign investment to
the country. Mabroc Teas Ltd won the gold for the Best Sri Lankan
Brand Exporter while the Gold for the Most Outstanding Exporter
was won by Dankotuwa Porcelain Ltd. Ceylon Biscuits won the Silver.
Kingsley Bernard, President, National Chamber of Exporters, said
that the atmosphere has not been that conducive to exports as they
have been denied the basic infrastructure facilities during the
said the cost of electricity has been prohibitive and the supply
and quality has been far from satisfactory. Bernard said that the
SME exporters are badly in need of support in identifying international
markets for their products.