Boost for SMI sector industries
The Government aims at upgrading 5000 small
industries to medium level and 200 medium level industries to large
scale industries on an annual basis. Traditional Industries and
Small Enterprise Development Ministry Secretary V Sivagnanasothy
said the SME sector is a prime force of value creation in the
economic development of the country and the sector will be
stimulated by improving marketing opportunities through promoting
backward and forward linkages with large scale and foreign
enterprises.
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Remarkable progress for business now
Sri Lanka has shown remarkable progress in the
past one and a half years. Businesses have been performing
outstandingly with increased inflows of foreign investments, Hilton
Colombo Residence General Manager Manesh Fernando told Daily News
Business.
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Softlogic IPO in March
The banking sector in Sri Lanka needs to
consolidate to support the rapid economic development in the
country, Softlogic Holdings Chairman and Managing Director Ashok
Pathirage told Daily News Business.
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