Rs. 500 Bn 5-year plan to build export-led economy | Daily News


PM briefed by BOI

Rs. 500 Bn 5-year plan to build export-led economy

The government has planned to allocate Rs. 500 billion in the next five years to promote an export-oriented digitised economy which would pave way towards a rapid development in the country, Prime Minister Ranil Wickremeisnghe said yesterday.

The Premier made this observation addressing the members of the Board of Investment at a special meeting held at Temple Trees yesterday (03).

The meeting focused on a series of proposals presented by the BOI to uplift the local economy.

Prime Minister Wickremesinghe pointed out that the present government that took over an extremely debt ridden weak economy, has now rejuvenated it and as a result the country’s economy is expanding.

He also pointed out that it is possible for Sri Lanka to be free of its serious debts by 2030, if the present economic development would be continued.

“An export oriented economy will create more employment opportunities and income methods that will become the foundation of a prosperous economy for the country, the Prime Minister further said.

The Premier also spoke on the development opportunities and the economic plan pertaining to the Kandy-Colombo-Hambantota Expressway.

There were lengthy discussions on modernizing agriculture, finance sector, small and middle scale industries, transportation services, administrative issues, monitoring and regulations, private health services and education sector. It was also highlighted at the meeting that the economic modernization process should receive a collective agreement from all sectors that would be affected.

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