Sri Lanka can position itself as a Tiger economy with a growth rate of 8 to 9 percent similar to countries like Malaysia,Singapore and Vietnam. GOPIO (Global Organization of People of Indian Origin) International Malaysia President Selvarajoo Sundram told Daily News Business that economic development is the way forward for everyone across borders. He foresees a positive growth in Sri Lanka in three years time.
 D. Eassuwaren |
That is why we are here at this time of high opportunity. We have seen the transition economy in our country and everyone who puts his foot in at this time can help develop the country, he said.
Sundram said the Malaysian Government is ready to embrace SMEs in other countries. Likewise Sri Lanka also must encourage SMEs from other countries on par with local SMEs. “Protectionism will not work any more with the globalization. It is very important to mix with people.”
Developing countries resist liberalization. Competition only brings protectionism and does not help the growth of individuals. It has become a proven style during the last 15 to 20 years. Economies are stagnating for decades. But sharing the know-how will benefit everyone and it will not cause invasion, Sundram said.
Investment Conference Chairman and Eswaran Brothers Exports Chairman D. Eassuwaren said land, capital and the climate are the three things that are important to economic development.
“All these advantages are here now, therefore this investment conference is being held at an opportune time.”
He said that there are concerns over IDP camps and rehabilitation work in the North and East.
But having visited IDP camps twelve times he could vouch that there is nothing to make a big hue and cry.
He has witnessed that IDPs are well looked after, no one is harrased, amity and friendship with the forces maintained and the political stability is there. The right environment to start business is prominent, he said.
The Conference represented 40 Malaysian listed companies and two Singaporean companies who are looking for investment opportunities in the fields of leisure, infrastructure development, professional service and tourism. They were invited by International Chamber of Commerce Sri Lanka Chairman Tissa Jayaweera when he visited Malaysia to deliver a speech at their annual get-together.
Speeches were delivered by National Chamber of Commerce Vice President Asoka Hettigoda, Attorney General Mohan Peiris, Additional Director Central Bank, Swarna Goonaratne, Jetwing Travel Managing Director Hiran Cooray and Channa de Silva.
source - www.dailynews.lk
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