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* Sri Lanka encourages local entrepreneurs to enter global markets
Thu, Oct 19, 2017, 09:53 am SL Time, ColomboPage News Desk, Sri Lanka.

Oct 19, Colombo: Micro, Small and Medium enterprises are prominent sectors in Sri Lanka's development vision and as the Prime Minister Ranil Wickremesinghe has declared the Sri Lankan entrepreneurs engaged in micro, small, and medium scale business enterprises must now enter the global markets, Sri Lanka's Minister of Industry and Commerce Rishad Bathiudeen said.

Addressing the 2017 Western Provincial Entrepreneur Awards held Wednesday in Colombo, Minister Bathiudeen said the government need to help the local entrepreneurs to enhance their productivity and competitiveness.

'Entrepreneur Awards 2017 - Western Province was jointly held by the National Chamber of Commerce and National Enterprise Development Agency (NEDA).

The objective of conducting the Awards Ceremony was to encourage micro, small, medium and large scale entrepreneurs in the Western Province for the service rendered by them to develop the country's economy and also providing employment to youth.

The second awards festival to be held in this annual series, it featured awards for Lankan MSME entrepreneurs in many categories including agriculture, livestock, fisheries, manufacturing, tourism and hospitality.

The top award, the Best Western Provincial Entrepreneur of 2017 was won by Sethma Hospital Pvt Limited in Gampaha.

Minister Bathiudeen stressed that this is a good example of entrepreneurial success to be followed by other would be entrepreneurs of Sri Lanka.

"These awards are aimed at encouraging our entrepreneurs who are part of economic reforms of the unity government," the Minister said commending the Chamber of Commerce for its support to develop the SME sector.

The winner of the top award, Sethma Hospital in Gampaha is a privately owned hospital under the Sethma Group of Companies. Sethma Hospital began operations in 2006 in Gampaha with a personal investment of US$ 870,000. Today it is a sprawling US$ 1.6 million, 35-bed medium scale private hospital approved by Sri Lanka Health Ministry with all preliminary care facilities, reporting the largest market share in Gampaha District.

"We did not start looking for money but for the wellbeing of sick, which is the reason for our success. We are seriously committed to the welfare of our patients unlike many private healthcare providers that have become commercial operations,' the chairperson of Sethma's Board Mrs. Y.M. Sudumenike said accepting the award.

The MSME healthcare operation is now planning to expand at a cost of Rs 290 million (US$1.6 million) with new wards and more medical services.

 

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