Friday, 15 March 2002v  
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Multinational food giants will invest in Sri Lanka

by Ravi Ladduwahetty

Sri Lanka's performance in industry has overtaken its traditional vocation of agriculture after the open economy since 1978. The economy is right now in a perilous state with the need to drive Foreign Direct Investments. Apparel exports has sustained the economy in both good times and bad while the need for the promotion of small and medium industries will also have to be met. Inquiries for macro-scale agribusiness have come,but the land policies are incongruous. Here, Industries Minister Rohitha Bogollagama in conversation with the Daily News where he spells out his vision, and also core issues of the industrial sector such as investments, value added agro- industry, implications of the Indo- Lanka Free Trade Agreement and labour.
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