Industry Sector

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BUILD A RESILIENT ECONOMY

Industry Sector

  • Expedite the work at Millawa, Millaniya and Bingiriya export processing zones and establish 25 new state-of-the-art industrial zones strategically located across all districts of Sri Lanka, ensuring balanced regional development and creating employment opportunities nationwide. The zones will be initiated with the start of a manufacturing plant in each zone immediately. The number of industries will be started gradually in all 341 divisional secretariats.
  • Create a nationwide ‘Green Tech Innovation Hub’ network, leveraging Sri Lanka’s natural resources and tech talent to become a leader in sustainable technology. This initiative will attract foreign investment, create high-skilled jobs, and position Sri Lanka as a pioneer in eco-friendly solutions for the global market.
  • We will spark innovation by facilitating One Million Start-ups and launching the ‘18+ Startup Project’ to empower young entrepreneurs, especially recent graduates, with loans, mentorship, and essential resources.
  • Establish a streamlined ‘One-Stop Shop’ for new industry registrations, enabling entrepreneurs to register their businesses efficiently by consolidating all necessary government approvals in a single location. This initiative will significantly reduce administrative hurdles, cut through red tape, and accelerate the process of setting up new enterprises in Sri Lanka.
  • Sri Lanka’s village, cottage, and traditional industries, which preserve generational production knowledge as part of their cultural heritage, will be recognised as a distinct sector. We will provide targeted support through improved facilities, market positioning expertise, cost-effective production strategies, packaging enhancements, and financial assistance for capital acquisition, enabling these industries to thrive in niche markets.
  • Cooperatives will be completely depoliticised, and legislative reforms will strengthen cooperative banks and protect savings. We will revitalise Sri Lanka’s cooperative sector through these reforms, as well as contributory pension schemes and technological modernisation. These measures aim to enhance operational efficiency, diversify business models, and create mutual benefits for cooperatives and their communities, driving sustainable grassroots economic growth.
  • Conduct comprehensive institutional reforms and update laws to better protect and promote innovation, trademarks, intellectual property rights, and operational efficiency across the economy.
  • We recognise the invaluable contributions made by the apparel sector to our economy. In acknowledgement of this, we are committed to developing a special policy charter aimed at securing the well-being of both workers and the industry. This charter will emphasise the importance of skilled labour as a driving force in the global production value chain. Considering this, we plan to introduce initiatives such as insurance and childcare facilities to ensure a sustainable environment for all stakeholders.

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Sri Lanka for everyone

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