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Minister G L Peiris addresses Chamber of Young Entrepreneurs:

Policies need to match priorities

Sri Lanka is proud of the achievements of its young entrepreneurs who have demonstrated that no challenge is too daunting for them to accept. They have developed their capability and competitiveness, showing remarkable initiative and relying on nothing other than their own imagination and resourcefulness, External Affairs Minister G L Peiris, said recently. He said this while addressing the 12th annual general meeting of the Chamber of Young Lankan Entrepreneurs at the Colombo Hilton.

The Minister said that the Chamber was started with 17 members and has expanded into 110 members today, progressing step by step over the last twelve years. Prof. Peiris, in his address, identified several important characteristics of the Chamber (COYLE).

The first is that the Chamber symbolizes the energy and resolve of youth. The Minister made reference to the rule that members of COYLE must leave the organization on attaining the age of 50 years. Youth have a perspective of their own, and this has imparted a distinct dimension to their work which has enriched Sri Lanka’s economy, he added.

The second feature, which has complemented the first, is their emphasis on national culture and tradition. There is no universal model for economic development and entrepreneurial success, and each country has to evolve policies in keeping with the priorities and outlook of its people. COYLE, while not being by any means averse to learning from the positive experience of others, has always striven to adapt and modify that experience to suit conditions in our own country, Prof. Peiris emphasized.

COYLE, he continued, has consistently been forward looking, refusing to regard any challenge as too difficult for them to meet. As a result of their courage and perseverance they have reached the heights of global success in such fields as apparel, tea, lubricants and ship building, he said.

The outgoing President of COYLE W K H Wegapitiya, explained the achievements of the Chamber during his period of office.

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