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Export-oriented strategies a must to overcome financial hurdles: President

25 January 2024 03:54 pm - 22     - {{hitsCtrl.values.hits}}

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Colombo, Jan. 25 (Daily Mirror)- President Ranil Wickremesinghe stressed the need for a sustainable solution and highlighted the importance of export-oriented strategies to overcome financial hurdles, the President’s Media Division (PMD) said.

He advocated for increased exports and identified the confectionery industry, particularly chocolates, as having the potential for international recognition.

The President said this while addressing the 30th Annual General Meeting of the Lanka Confectionary Manufacturers' Association (LCMA) yesterday (24) at the Cinnamon Grand Hotel, Colombo.

He emphasized the potential for Sri Lanka to become a global player in the confectionery industry and encouraged Sri Lankan confectioners to expand their horizons and tap into international markets.

Acknowledging the success of Sri Lankan teas and cinnamon globally, the President posed the question, "How long before I can take chocolates and go?" He also encouraged the confectioners to explore the export market for chocolates.

President Wickremesinghe encouraged the confectionery industry to explore intercropping with cocoa, citing state plantations in Matale, Kandy, Mawathagama, and Dodangaslanda for potential expansion. He mentioned plans to collaborate with smallholders and discussions with the governments of Ghana and Ivory Coast for access to cocoa.

"Addressing economic challenges, President Wickremesinghe acknowledged the ongoing negotiations for an additional 20 years to address the economic crisis. However, he outlined broader initiatives, including leasing state-owned plantations to Sri Lankan companies or Sri Lankan companies with foreign shareholders for the development of the food industry, encompassing confectionery. Virtually all the lands owned by the Chilaw and Kurunegala Plantation plus Elkaduwa with JEDB and SPC.  He disclosed plans for modernizing agriculture, enhancing competitiveness through the National Productivity Commission and upgrading trade agreements with India and Thailand.

The President emphasized the significance of positioning Sri Lankan chocolates as a world-class product, similar to the renowned reputation of the country's tea and cinnamon. His encouragement aimed to inspire the confectionery industry to embark on a journey towards global recognition and market presence.

Reflecting on the industry's history, the President praised the pioneers and highlighted the growth and resilience of the vibrant confectionery sector. He expressed optimism about the potential for Sri Lankan chocolates to become globally recognized. He urged the confectioners to explore new markets and export their products. He further noted the limitations for expansion within the country and suggested looking beyond borders, citing the success of the Kandos factory in Petaling Jaya, Malaysia in 1978.


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  Comments - 22

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  • Single Cell Thursday, 25 January 2024 04:08 PM

    Well I remember my parents buying me Kandos and Edna chocolates back in the early 80’s , they were other brands as well. But Kandos was the front runner. If Upali was alive today! my goodness… such a big loss for the country and his family.

    Amaran Friday, 26 January 2024 12:51 AM

    Yes very true. In Sri Lanka, the chocolates were called by the brand name of KANDOS. Now even EGGS are imported. Prez should understand that Cost of Production (Cost per Unit) is the most important concern of the manufacturer to WIN overseas buyers when ELECTRICITY TARIFF are high.

    sam Thursday, 25 January 2024 04:10 PM

    You support this well by going overseas regularly

    Harry Perera Thursday, 25 January 2024 04:28 PM

    This stupid cunt (Ranil) thinks Sri Lanka manufactured chocolates can compare/ compete with overseas chocolates. Why don’t we export fresh air from Kandy ?

    Harry Perera Thursday, 25 January 2024 04:28 PM

    This stupid cunt (Ranil) thinks Sri Lanka manufactured chocolates can compare/ compete with overseas chocolates. Why don’t we export fresh air from Kandy ?

    Joel Dias Thursday, 25 January 2024 04:33 PM

    Kandos ? There’s a name that brings back memories of mediocrity. The government can’t even mange a Rest House competently.

    Sokrates Thursday, 25 January 2024 04:49 PM

    The most expensive and overpriced chocolate in Sri Lanka (Revello 100g about 800 Rs) is far worse than the cheapest chocolate in Germany (supermarket own brand 100g about 220 Rs). Tested with children of my employees.

    Pin president Thursday, 25 January 2024 04:58 PM

    No no no! More foreign travel by the president to far off countries that we have very little trade prospects is the way forward.

    President of random thoughts Thursday, 25 January 2024 04:59 PM

    Just another vague meaningless statement by the incompetent president.

    Ambalame pina Thursday, 25 January 2024 05:03 PM

    The dinosaur president has come up with another hilarious idea. He should seriously try stand up comedy.

    ROSH Thursday, 25 January 2024 06:17 PM

    This unelected master debating president needs to go and see the doctor about his mental health. He’s making statements about every issue why normal folks struggling to walk after having spent the night in mile high club with him. He makes love like machine export base economy by doing all internal work externally. This the best unelected master debating president the world ever had. Please god help my country to getting rid of this unelected master debater.

    exporter Thursday, 25 January 2024 06:23 PM

    Government should impose regulations to banks to lend certain percentage of their loans portfolio for export industries. else this is talk only no work

    export company CEO Thursday, 25 January 2024 06:30 PM

    If i ask for a loan to buy a luxury suv; many banks come to finance it. But if ask for a loan to buy a machinery for my export factory no bank will do that. How we can increase exports in this country

    Politicians: not solution for industries; they can only facilitate Friday, 26 January 2024 09:40 AM

    Your comment brings two important truths to light. 1. Our industrialists and entrepreneurs have lost their talent, and are now happy with ANY profit in buying and selling. 2. Big problem faced by industrialists in securing funds for their ideas. This may be due to some customers with reputation for bad debts and not repay loans

    johan Thursday, 25 January 2024 07:52 PM

    After lavish spending on your trip ,has SL got any favorable news for its citizens to come out of the financial constraints faced by them

    Jude Thursday, 25 January 2024 08:31 PM

    Talk is cheap!!

    joshua Thursday, 25 January 2024 09:46 PM

    These are nonsense which cannot be implemented. Good for books on economics.

    RR Friday, 26 January 2024 12:27 AM

    OUR PRESIDENT IS AN EXPERT TO BLA BLA BLA BLA BLA BLA

    Waco Friday, 26 January 2024 05:18 AM

    This Pin-President is eroding into the Sri Lankan economy by travelling overseas , which are unproductive to Sri Lanka.

    Waco Friday, 26 January 2024 05:31 AM

    You just do not know how how to implement any development plan. Tell lies and try to occupy the seat untill you die. What developments have you done upto now? Tea and Rubber Factories are getting ruined and same as Buildings on plantations. You are blind to every thing.

    Waco Friday, 26 January 2024 05:32 AM

    You ruined TRI and what development?

    DOT Friday, 26 January 2024 12:25 PM

    You can do such projects in better way when you go to top UN seat!


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