International Trade State Minister Sujeewa Senasinghe says Sri Lanka’s total apparel exports could reach the US$ 16 billion revenue mark if the suspended GSP plus facility is granted. To reach this target, the apparel industry also needs to be made into an industry of innovation for which GSP plus facility is important,Senasinghe said.
He said Sri Lanka’s overall exports as a share of GDP has been on the decline over the years. Commenting on the government’s ambitious plan of setting up 5,000 industries across the country in the future, Senasinghe assured that the government will take every possible step to further develop existing industries such as tea, rubber, coconut and service industries.
He also laid emphasis on heavy industries as a priority item of investment.Under these measures, the minister aims for a three-fold increase in overall export earnings.
The government will not only facilitate foreign investors to set up operations here, but also obtain their technical know -how and assistance to establish develop Sri Lankan based businesses to create a conducive environment for trade and investments and business links with the international investors. Support to commence manufacturing of electric cars, three wheelers,pharmaceutical products and computer chips in Sri Lanka will be provided,Senasinghe said.
He said Sri Lanka’s overall exports as a share of GDP has been on the decline over the years. Commenting on the government’s ambitious plan of setting up 5,000 industries across the country in the future, Senasinghe assured that the government will take every possible step to further develop existing industries such as tea, rubber, coconut and service industries.
He also laid emphasis on heavy industries as a priority item of investment.Under these measures, the minister aims for a three-fold increase in overall export earnings.
The government will not only facilitate foreign investors to set up operations here, but also obtain their technical know -how and assistance to establish develop Sri Lankan based businesses to create a conducive environment for trade and investments and business links with the international investors. Support to commence manufacturing of electric cars, three wheelers,pharmaceutical products and computer chips in Sri Lanka will be provided,Senasinghe said.
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