Govt. says focus is now on attracting competitive investments

As Sri Lanka is making progress in its revival efforts, President Ranil Wickremesinghe said the focus now lies in attracting competitive investments.

This is will executed by fostering a business-friendly environment, and enhancing the nation’s economic competitiveness, he said, addressing the Board of Investment inaugural awards ceremony this week.
Concurrently, efforts are underway in revolutionising the professional training landscape, phasing out vocational training centres in favour of vocational colleges.

“This transition ensures that students receive due recognition as they progress from school to vocational college and beyond. Additionally, discussions are underway regarding the establishment of new junior technical cities, with plans in motion to create at least three or four such cities,” said Wickremesinghe.

He affirmed that the government is steadfast in its commitment to advancing the digital economy, and is looking at establishing a new digital exchange agency and allocate funding for Artificial Intelligence (AI) initiatives. 
The agricultural modernisation programme, on the other hand, aims to cultivate an additional 500,000 acres of land over the next decade, supplementing existing cropland and fostering highly productive agriculture.
Furthermore, plans are underway to position Sri Lanka as a prominent supply chain hub. However, the realisation of these ambitions hinges upon your continued trust in Sri Lanka, as well as ongoing investment from both domestic and foreign stakeholders, asserted Wickremesinghe.