Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka Prime Minister pledges to strengthen local businesses
Fri, Jun 22, 2018, 10:54 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 22, Colombo: Sri Lanka Prime Minister Ranil Wickremesinghe today pledging to strengthen local businesses said the government has decided to provide tax concessions to local industrialists and to exempt the VAT levied on the machinery imported by the local businesses.

He said the aim was to facilitate the local industries to enter the world market while strengthening them.

The Prime Minister was addressing the opening of the latest state-of-the-art biscuit factory of Uswatte Confectionery Works, Sri Lanka's oldest candy manufacturer, in Milleniya in Bandaragama on Friday.

Prime Minister Wickremesinghe strongly rejected the allegations made by certain parties that this government is destroying the local industries and recalled that the government has taken a large number of measures for the development of the local industries and protecting them.

The Prime Minister said that it is difficult to live in the village only through agriculture. What the Government was attempting to do was to provide more jobs from the industrial, tourism, supplies and services sectors. The local industrialists should be developed to protect our local industries. He said that they have to conquer the world market. As such they are helping to strengthen the industrialists.

"By supporting our local businesses, large and small, we are taking jobs and opportunities to all parts of Sri Lanka," the Premier said.

The Premier spoke to the employees and reviewed the state-of-the-art facilities which will focus exclusively on the manufacturing of high-quality biscuits introducing the candy manufacturer's entry into the island's biscuit market.

State Finance Minister Eran Wickramaratne, State Power and Renewable Energy Minister Ajith P. Perera and Uswatte Confectionery Works Chairman/Managing Director Quintus Perera were among the participants in the event.


ColomboPage - Recent 10 Stories ::
Schools in Sri Lanka's Northern Province closed due to cyclone Gaja
-- [15 minutes ago]
President requests the Speaker to hold a new vote by name to show majority
-- [2 hours ago]
Sri Lanka government, LIOC reduce fuel prices
-- [2 hours ago]
Sri Lanka parliament to convene today
-- [3 hours ago]
Fitch Affirms Sri Lanka's Sunshine Holdings at 'A-(lka)'; Outlook Stable
-- [3 hours ago]
Sri Lanka Customs nabs three passengers smuggling gold biscuits worth over Rs. 14 million
-- [3 hours ago]
UNP leader says ready to show majority again
Sri Lanka President meets Speaker, party leaders
China hopes Sri Lanka can maintain stability
Sri Lanka Speaker appeals to the President to listen to the majority and halt the destruction of the country

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.