Import restrictions should impose by permitting import raw materials

9 September 2022 03:04 pm - 4 - {{hitsCtrl.values.hits}}

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While continuing the import restrictions, permission to import goods that cannot be manufactured locally, and the required raw materials to engage production, should be granted, Sri Lanka United National Businesses Alliance (SLUNBA) Chairperson Tanya Abesundara said.

She addressed an opening ceremony in Nugegoda, saying the SLUNBA had requested the government to provide the infrastructure to uplift local manufacturing.

"The government should not rely on exports and dollars; instead, it should improve domestic manufacturing and industries to protect the rupee in the country; it is not rocket science to be unaware of the current situation," she said.

While commenting on the recent tax amendment, the chairperson said to collect tax, local industries and companies should be stable and money should be with the people.

Otherwise, the tax cannot be collected. "The decision taken to privatize several government institutions is a wise decision taken by the government."

Most of the employees get their wages without deductions. The backbone of the country's economy is the private sector companies.

"The decision to privatize state entities in the country, would help to settle the debts," she added. (Chaturanga Samarawickrama)

Pix by Pradeep Dilrukshana

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Comments - 4

Entrepreneurs are available in Sri Lanka Friday, 09 September 2022 03:30 PM

Where were "Gems of Wisdom" hiding all these days. These entrepreneurs should be added to the advisory team to the rulers. They will show you how to develop the standard of living for the whole country, instead of most of your dumb State Ministers. Use them - if you are WISE.

Ram Friday, 09 September 2022 03:50 PM

Restrictions and their removals revolve on the commissions available for the people involved. Failure to import raw materials needed for our export oriented productions will ruin the export forex income

Prof. T. Somasunderam Saturday, 10 September 2022 07:56 AM

Absolutely correct, importation barriers should be removed soon on Spare Parts, Raw Materials and Essential goods including Medicines, otherwise our country will go for dogs.

Hw Saturday, 10 September 2022 08:58 AM

Chaturanga Samarawickrama please get someone to proof read these headlines. They are comical and are read internationally

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Import restrictions should impose by permitting import raw materials

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