Assistant US Trade Representative for Central and South Asia Micheal Delany yesterday declared that Sri Lanka is expected to grow faster than expected as a direct result of the post-war momentum.
"Industrialists must prepare to review their future projections set for Sri Lanka as the country is set to grow faster than expected. Even though many believe that due to civil unrest that existed up till last year, the country would not augment growth in large scale, the perception must change with the progress made by the economy," Delany said addressing the breakfast meeting between Board of Directors of AmCham Sri Lanka and the visiting AmCham India business delegation organized by AmCham Sri Lanka. He also noted that civil strife has made a much worse impact in other countries than what has been made in Sri Lanka. "I believe that most projections are overly conservative," Delany added.
He stated that the country is facing "tremendous growth in the economy" and urged that potential investors and current businessmen to do an in depth analysis in forming projections.
"You must get a good luck about what your projections are for this economy. It is going to be much higher than you expected now," Delany said.
Delany stated that the country is turning a happier chapter in history and expressed concerns over political reconciliation which could be strengthened through economic development and employment generation. "If we can better human lives we will be able to facilitate strong political reconciliation with ease," Delany added.
source - www.dailymirror.lk
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