January 02, 2006

Lets make Sri Lanka live up to it's potential


Look at any industry, Sri Lanka could do better to compete well with the other nations in the world. Look at the tourism Industry, it has a far more greater potential than at present. We could develop to attract more and more niche markets like Adventure tourism, Eco-Tourism and etc.See the Potential of the sea food industry, being an island and the best breathing grounds for fish and sea food like Prawns, Cuttle fish, Lobsters, Tuna, Crabs anf fish comes from the North & East Seas off where the LTTE are dominating at present.

When we visited the one of the leading Sea food Processing factories in Chilaw, Indiwary Aqua Products Ltd. - Mr.Milroy Fernando,CEO/MD said it has the potential to do better and make the highest forex earner to the country if its launched in the correct way.

This country could offer more and more entrepreneurs, to take up the risk and start business ventures with either private or public enterprises. if it needs a larger investment you could form joint venture with foreign investor where one could get the technical know how as well as capital .
Sri Lanka should create more employment opportunities if it need to create thousands of jobs for the graduates to be employed. Therefore its the governments duty to create a sound economic environment for these people to invest in many projects.
We could look at any industry, that we could do to earn more income to the country, by doing so we could bring down the gap of the deficit created by the Balance of payment due to high cost of importing against lower income from the export earnings. to this need we need to think positively and look at the consumption patterns and the trends in the global market and develop strategies to compete with other nations. if one ask how Japan and singapore did well having no nutural resources , they lookedtowards the future (far sighted) and they developed products catering to the whole world and not only to the consumers in that perticular country.
so it is the duty of the elected government to assist the SME sectors to explore new avanues to market their products . We need to bring down the cost of electricity in the country by implementing new power projects throughout the country as planned. Infarstructure facilities like, having a good transport sector both Rail and road networks, highly developed ports and airport facilities could mean a lot in building competitive advantage over other competing countries.

So let us make Sri Lanka work and be a model to other countries as earlier. Private sector and government sector have to work as partners in this endavour rather than seeing each others as competitors.

6 Comments:

At 1:16 am, Blogger DREAM said...

I am stil reading ur blog n i must say its been a grt effort to put abt ur country...n its feels nice to read as well :)

 
At 2:47 pm, Anonymous Anonymous said...

Sup..
Great article.. As u said its interestin to see new SME's come up with new ideas.. Should defineatly help the country to develop..

Cheers
Dino

 
At 2:47 pm, Blogger gurlztalk said...

This comment has been removed by a blog administrator.

 
At 12:53 am, Anonymous Anonymous said...

machan Wht Srilanka is the breeding grounds for Entrepreneurs? its the joke of the day....

Wht is left there us to create entrepreneurs in our counrty....

There is no political and economic stability for new investors to breed. & there is no protection for the small Entrepreneurs. We speak abt Entrepreneurship but we are not at all encouraging it.

 
At 3:07 am, Anonymous Anonymous said...

I agree with krish in that the current situation in sri lanka is not very encouraging for entrepreneurs ....
what i got out of the article was that he is trying to reveal that its a country with so much potential..

i have nothing but the utmost respect and admiration for any entrepreneurs and i am planning to do what i can for the country too

keep up the good work lalin,
all the best in what you do

 
At 12:06 am, Anonymous Anonymous said...

HI ##NAME##, Now I'm no expert, but that looks a pretty neat blog you've got there. I must remember to come back again, cos you'lll have some more interesting information here later I'm sure. See you around, Rex ##LINK##

 

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