'Encourage investors'
The private sector and foreign investors should be encouraged to
recommence development activities in the construction sector, said
Chairman, Chamber of Construction Industry (CCI) Surath Wickramasinghe.
|
A construction site |
He was speaking at a function to felicitate three newly elected Vice
Presidents at the Galadari Hotel last week. Wickramasinghe said that the
construction industry suffered a setback over the past two years and the
building sector is at a standstill even now. Over 38 high rise projects
are on hold.
Some big-time contractors had transferred their permanent staff from
the building sector to the infrastructure sector in their own
organizations and thousands of non permanent employees were made
redundant.
Since terrorism was eliminated three months ago in Sri Lanka, the
economy is now starting to grow in the tourism sector, the stock
exchange being more vibrant, the Central Bank foreign exchange getting
stronger and the production in agriculture and fisheries also showing
positive returns is a good indicator for the construction industry to
also pick up in the near future.
-R.K
|
