Addressing the audience, Wickremesinghe highlighted the successful stabilisation of the economy within two years, emphasising a shift away from sole reliance on the central bank for economic stability even as he underscored the nation’s aspiration to evolve into a highly competitive, export-oriented economy, projecting this transformation to span a decade or longer.
Wickremesinghe stressed the importance of attracting competitive investments, fostering a conducive business environment, and enhancing Sri Lanka’s economic competitiveness.
Ranil Wickremesinghe asked overseas firms to get their investments ready.
The president outlined initiatives in infrastructure development, vocational education, digital economy advancement, agricultural modernisation, supply chain hub positioning, emphasising importance of continued trust and investment from domestic and foreign stakeholders.
Reflecting on Sri Lanka’s economic journey, Wickremesinghe recounted the establishment of investment zones such as Katunayake and Biyagama, praising their role in attracting significant investors, fostering industrial development, and generating employment opportunities even as he acknowledged the challenges faced, from security threats to economic turmoil, and expressed gratitude to all contributors.
Looking ahead, Wickremesinghe affirmed his commitment to establishing competitive investment avenues and commended the pivotal role played by companies under the BOI’s purview in driving Sri Lanka’s economic growth.
He envisaged a transformation of the Investment Board into a comprehensive Economic Commission, with plans for a singular investment zone covering the entire nation.
Fibre2Fashion News Desk (DR)
