Improving local products
Minister Prof.Tissa Vitharana has made a very
pertinent observation that should provide much food for thought
to those attempting to promote local production and local
industries.
Addressing a National Productivity awards ceremony the
Minister said the country can develop only if our local products
and services could successfully compete with the foreign
products flooding the local market. He also said that Sri Lanka
can succeed in marketing its products internationally only if we
attain certain benchmarks.
Being a die hard socialist one can appreciate the stand of
Prof. Vitharana's on the need for improving local production. It
was his illustrious uncle the late Dr. N.M.Perera when he was
Finance Minister who placed a moratorium on imports and was in
the vanguard in the campaign to instill indigenous habits in the
public.
That was a time of import substitution when the public was
made to adapt to things home grown ranging from food to textiles
and other improvisations in an effort to prevent the flight of
foreign exchange.
The move while laying emphasis on local resources to sustain
the economy and saving the country from plunging into
unnecessary debt also gave a fillip to local industries which
had no fear of competition. However the restrictions did not
prove popular with the public which led to the downfall of the
UF Government.
Had the people been more patient and endured the hardships
the country would have been able to reap the economic benefits
of this policy in later years.
The prudence of these policies were vindicated with the
advent of the open economy which allowed for the unchecked
inflow of imported goods into the country with a heavy drain on
our foreign exchange. The public caught up in the novelty went
for the imported variety of things even if these were available
locally and of better quality.
Therefore we are doubtful if the public whose psyche have
been conditioned to things foreign in a milieu of unbridled
consumerism can be persuaded to go for local goods contrary to
the expectation of the good professor.
Therefore while providing incentives for local industries to
flourish the emphasis should be on quality which was not paid
much attention to during the earlier era. The accent should be
on 'Value Added' if Prof.Vitharana's hope of attracting the
local market is to be realised.
A vigourous campaign should be launched on the lines of the
"Buy India" slogan used in some states in our giant neighbour
where people are asked to boycott foreign products.
People should be instilled with a pride in opting for the
local product and incentives provided for quality improvement
that would make this a reality.
For, today a majority of the public are being brainwashed by
the various commercials advertising multinational brands on TV.
The glaring disparity could be seen by the total relegation of
local products. In such a scenario we wonder whether the local
product would be attractive to the consumer as envisaged by the
Minister.
Unlike countries such as Japan Sri Lanka does not have an
industrial base to have any hope of competing in the
international market in this sphere. Even if we have skilled
personnel there is no space for giving rein to initiatives.
We are yet to hear of the outcome of all those trade fairs
held in world capitals showcasing the country's products. Has
any follow up action been taken to assess the market potential
of these products ?
Therefore while emphasizing on Value Added a wider programme
should be implemented for promoting Sri Lanka's wares in the
global market. First of all a necessary climate should be
created for local initiative to thrive.
Regrettably we are still functioning as an assembly outpost
for products of other countries. There has not been any serious
attempt to reach new frontiers in innovation. Even our
agricultural base is not fully exploited when there is much
potential.
Sri Lanka, a country with abundant resources should have by
now been famous for many commodities other than our tea. But
somewhere along the road the impetus was lost where we now have
to virtually look for imports for our survival.
The Government should therefore make a fresh initiative in
getting Sri Lanka into the hub of world trade and provide
incentives to raise the quality benchmark of local products to
fetch a good market abroad. |