State interference hinders SME progress: President | Daily News


 

State interference hinders SME progress: President

President Gotabaya Rajapaksa speaking at the meeting.
President Gotabaya Rajapaksa speaking at the meeting.

The government’s unnecessary interference in Small and Medium-scale Enterprises (SMEs) hinders their progress, as well as what is needed is to support facilities and skills development, President Gotabaya Rajapaksa said. He was speaking at a meeting held on Thursday evening to discuss the business issues faced by beauticians and hairdressers.

President Rajapaksa said that the government bears the responsibility of improving the business standards of beauticians and hairdressers with financial assistance and a wider access to the market through trade promotion.

On the request of many participants, the President agreed to provide the support of the National Enterprise Development Authority to the beauticians. There are around 90,000 hair and beauty parlours in the country, and over 450,000 persons are employed at them. About 1.5 million families depend upon them.

The President instructed the authorities not to hinder the progress of these small-scale enterprises, but to provide them with due support. Foreign Affairs and Labour Minister Dinesh Gunawardena and President's Secretary Dr. P.B. Jayasundera were also present at the meeting.

 


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