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* Sri Lanka Marxist party to provide relief to private sector under a new Socialist rule
Tue, Feb 18, 2014, 10:53 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 18, Colombo: Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) says that the country's private sector will be benefitted and granted relief under a new Socialist rule.

JVP politburo member and Western Province team leader, K.D. Lalkantha said that the party has a five-year plan to uplift the country's economy and the private sector plays a key role in it.

He said at a meeting in Homagama that the country's private sector consists of 90 percent of the businesses in the country and that they will be granted benefits and relief if they participate in the five-year plan formulated by the JVP under a new Socialist rule.

Lalkantha explained that the private sector has been the engine of growth when the country's economy is concerned.

He emphasized that there was a misconception among the people that the private sector will be marginalized and destroyed under a Socialist system, but it is not so.

"The private sector has an important role to play in a Socialist rule and the JVP has recognized this fact," Lalkantha said.

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