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Laugfs wins Lankan Entrepreneur of the Year award


Award: Chairman of Laugfs Holdings W.K.H. Wegapitiya receiving the Sri Lankan Entrepreneur of the Year Award from Norwegian Ambassador Tore Hattrem.

Chairman of Laugfs Holdings Limited W.K.H. Wegapitiya received the award for Sri Lankan Entrepreneur of the Year. The Sri Lankan Entrepreneur of the Year Awards ceremony organised by the Federation of Chambers of Commerce of Sri Lanka (FCCISL) for the 12th consecutive year was held at the BMICH last Friday.

Norwegian Ambassador Tore Hattrem who was the chief guest said entrepreneurship is one of the most important methods to overcome the poverty levels in Sri Lanka, because it improves the standard of living of the rural population and leads to regional development.

President of the FCCISL Nawaz Rajabdeen said entrepreneurship promotes economic and industrial growth across the country.

Entrepreneurship promotes economic development because it encourages people to develop their businesses and therefore it is essential to uplift the standard of living of the population.

Rajabdeen also stated that the awards are presented to entrepreneurs judged on provincial level and national level.

“The FCCISL is also helping tsunami affected entrepreneurs. The thinking behind this was that after the tsunami, these people had to build their businesses from scratch and therefore they deserve a special mention, this is also a great opportunity for small and medium level entrepreneurs,” he said.

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