ICCSL calls for new economic policies to boost economy, FDIs

2015-11-09 03:11:24

By Lahiru Pothmulla

The Chairman of the International Chamber of Commerce Sri Lanka (ICCSL) Keerthi Gunawardane said it was high time for the introduction of new economic policies to boost the country’s economy and lure foreign investments.

Addressing a ceremony held to celebrate the 60th anniversary of the ICCSL and its 49th Annual General Meeting last Thursday, he said if new polices come into place, the ICC and such entities would extend their deep commitment along with the input of people from the rest of the world.

“I was talking to one of the diplomats in the country few weeks ago, and he mentioned that how the situation in the country has changed into a peaceful one following the elections and how people are cherishing it. However, he also said that they don’t see something happening policy wise at the moment to seize the opportunity to lure foreign investors,” Gunawaradne said. 

Commenting on foreign investments in some of the Asian countries such as Singapore, Malaysia, Thailand and the Philippines, he said Sri Lanka was nowhere near to these countries where investments are concerned. “This is why we need to set up a proper mechanism to bring in more investments,” he said. 

He also recalled how the ICCSL had limited engagements during the era of 1989 and 2009 because of the war in the island. 

Meanwhile, extending wishes at the AGM,  ICC Secretary General John Danilovich said they were hoping for much stronger ties with the ICCSL and also said that he hopes Sri Lankan business community would take full advantage of the ICC Academy in Singapore.

In view with the 60th anniversary or the Diamond Jubilee of the ICCSL, a stamp and a first day cover was issued by the Postal Department. Postal Services and Muslim Affairs Deputy Minister Duleep Wijesekara attended the event to launch the stamp and the first day cover.

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