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Rishad calls for more industrial training in school curriculum

27 November 2015 06:30 pm - 1     - {{hitsCtrl.values.hits}}

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Sri Lanka’s proposed economic reforms are of such a magnitude that it is possibly the third generation of reforms in the country’s economic history, and Lankan youth are increasingly attracted to services and it is now time to enlist them to manufacturing as well, said Industry and Commerce Minister Rihad Bathiudeen, presenting his Budget speech in Parliament yesterday.

He also called for lowering of energy costs to sustain country’s manufacturing competitiveness. 
“I commend Prime Minister Ranil Wickremesinghe’s call for clear long term economic policy for Sri Lanka to become a highly competitive social market economy. As the Industry Minister I stress that industries are one third of our GDP with another 60 percent from services sector. 
“Our industry base is almost manufacturing rather than mining or ‘electricity gas and water supply.’ In fact 99 percent of our industries are in manufacturing and this sector is diverse with some world class segments such as apparels, rubber, packaging, stationery, and print material. The industrial development of the country is vital for us to transform into a strong economy in Asia. Still we also need to focus on cost of manufacturing for this to be truly effective and productive,” the Minister noted.
Speaking further he said, “It is important for us to minimize power costs in our manufacturing. We pay between US$ 4 billion to 5 billion for oil imports and about one-fourth of our imports costs are for oil. Since Thermal power is the key power supply with 70 percent of the supply, our manufacturing energy costs need to be lowered further, with the reduction of thermal energy.” 
Studies also show that power demand will increase from industries in future as a result of a more complex economy and households due to rising incomes.  
Minister Bathiudeen said he believed that the plan to provide one million jobs  in the coming years  is a great step forward  for our youth. 
This action will also pave the way to integrate our youth more closely  to our economic reform process.
Speaking on the need to engage more youth into manufacturing, Bathiudeen said, “It is also time that we integrate more industrial training in our education system and enhance existing vocational training schemes  across many more subjects. Technology education should not only be for ICT and computing but also for industrial and machine technologies as well as new health and medicine and innovation sectors.”
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  • OMG Sunday, 29 November 2015 05:28 PM

    Very good move, lets implement it immediately.


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