Minister of Industries and Health, Ramesh Pathirana, emphasised the importance of aligning with Indian industrial developments and collaborating with global partners to advance these objectives.

This initiative is part of Sri Lanka’s broader strategy to transition towards an export-oriented economy, with the manufacturing sector playing a crucial role.

Minister Pathirana, in a statement, highlighted the need for the manufacturing sector to evolve into a competitive and digital economy. This transformation aligns with the country’s goal of achieving zero carbon emissions and fostering a green economy.

The government is committed to supporting this evolution by providing the necessary resources and infrastructure to ensure that Sri Lankan industries can compete on a global scale.

One of the key initiatives is the establishment of a new development bank, which will offer financial support to industrialists in Sri Lanka.