Stability the key to growth
View(s):Stability, at least for a period of four years, will attract investors to Sri Lanka. Echoing these sentiments, Kalum de Silva, a Sri Lankan investor in finance and equity based in Australia – who is promoting trade and investments to Sri Lanka -, told reporters in Colombo on Thursday that stability was the key to the positive growth of a nation.
“I hope there would be stability this year during a period when elections would be held,” Mr. Silva, President of the Sydney-based Sri Lanka and Australia Chamber of Commerce (SLACC) said. The chamber also has a Colombo office.
Mr. De Silva, through his voluntary efforts, has been promoting trade and investment through the chamber for many years now between the two countries. Sri Lankans represent the 10th largest migrant community in Australia and number close to 400,000. There are 14,000 Sri Lankan students in Australia.
He said he has been trying to whip up support for apparel exports to Australia but the 5 per cent tax was the issue. China is the main supplier of garments while Sri Lanka has a small share.
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