President Gotabaya Rajapaksa yesterday urged local entrepreneurs/industrialists to commence production making use of the opportunity made available by the Government imposed restrictions on imports of several non-essential items to pave the way for the domestic manufacturing sector.
The President said the challenge before the local entrepreneurs and industrialists is to win over the domestic and global market .
He made these comments during a discussion with the members of the Inter-Ministerial Task Force on Industrial and Enterprise Development held at the Presidential Secretariat yesterday.
“The Government apparatus is geared to assist the industrial sector. The ground work including the provision of loans at single digit interest rate has been laid,” the President said adding he expects the industrialists to seize the opportunity and show results by manufacturing an array of goods ranging from brooms to medical drugs domestically.
Representatives of several fields including motor vehicle assembly industrialists, motor spare parts manufacturers association, packaging manufacturers, power cables industrialists, national marine manufacturers association, metal industrialists, leather industry advisory committee, rubber related products manufacturers association, advisory committee of electrical & electronic equipment, timber and timber-related products industrialists association, joint apparel association forum, apparel industrialists, cosmetic manufacturers association and advisory committee on the drug manufacturing attended in this meeting.
Minister of Industries, Wimal Weerawansa, Secretary to the President, P.B. Jayasundera and Ministry Secretaries participated in the discussion.