BusinessPresident Maithripala Sirisena, at a public event on Friday, strongly criticised Sri Lanka's export performance over the past two decades saying one of the reasons is that local industry has been sidelined. He said that governments for the last 15 to 20 years have not given its due place to the local industry in their national policies. Bandaranaike the position was different in that the local industry had flourished and there had been real improvement and identity. He said that developed countries have strong export policies (linked to strong local industries) and thereby their asset value goes up and they have earned it through exports. This country too, he said must improve its exports while also strengthening, safeguarding and assisting the local industry to be more export oriented.

Source: Sunday Times February 03, 2018 03:11 UTC