Call for more private sector investments
To support regional development:
Regional development of SMEs is essential to fuel the country's
economic development drive, a senior UN official said.
|
Nawaz Rajabdeen |
The Government has provided a conducive environment for business and
commercial activities. The private sector needs to play a proactive role
and invest in mega projects for an accelerated development that will
take the country to the next level, Immediate Past President of
Federation of Chambers of Commerce and Industries of Sri Lanka and UNIDO
National Director Nawaz Rajabdeen told Daily News Business. "The
Government has created an opportunity for the private sector to play a
dynamic role by setting up micro and small scale industries in the North
and the East with the support of the regional chambers and the
Government institutions," he said.
"The recently set up Regional Development Bank (RDB) is timely and
the private sector welcomes the move by the Government to set up this
institution. The RDB can play a positive role with private sector to
support the SMEs. It could support to create SMEs giving confidence to
home-grown entrepreneurs," he said. SJ |
