President assures support to Lankan entrepreneurs to capture global markets

President Anura Kumara Dissanayake receives first copy of Chamber of Young Lankan Entrepreneurs (COYLE) Coffee Table book from Immediate Past President Thushira Radella at its AGM on Monday, newly appointed President Manjula Wijesundera looks on – Pic by Ruwan Walpola 

• Tells COYLE 26th AGM business environment has been created where investors can operate without having to pay any commissions
• Reveals every rupee spent by Govt. is treated as sacred duty and utilised responsibly
• Promises by end of current administration, there will be no room for destructive political climate to resurface

President Anura Kumara Disanayake on Monday said the Government is committed to providing the necessary support to secure a share for Sri Lankan entrepreneurs in the global market.

Speaking at the 26th Annual General Meeting of the Chamber of Young Lankan Entrepreneurs (COYLE), the President highlighted that the Government has a strong strategic plan to facilitate access to international markets by integrating diplomats and entrepreneurs into a unified process.

He stated that the Government is prepared to empower young entrepreneurs, not only within Sri Lanka but also by providing them with the strength to expand into international markets.

“We have built the strongest and most politically stable administration in Sri Lanka,” President Disanayake stated.

Disanayake further stated that this year’s Budget has been designed to create a more dynamic and flexible economy, replacing the stagnant economic conditions of the past.

He noted that allowing greater economic mobility would enable the country to achieve a certain level of development. Accordingly, the Budget has been structured in a way that does not cause major economic shocks.

The President also emphasised that the current Government remains sensitive to economic decision-making, ensuring that policies do not place an unbearable burden on the Sri Lankan Rupee. 

He acknowledged that certain decisions had to be made in alignment with recommendations from the International Monetary Fund (IMF).

Disanayake revealed that the current Government has taken the necessary and correct decisions to restore confidence in an economy where trust had previously collapsed. As a result, the country, which was officially declared bankrupt, has now been able to overcome its state of bankruptcy.

The President further emphasised that his Government ensures every rupee spent is treated as a public trust and utilised with the highest level of responsibility.

Due to the Government’s economic policies, efforts have been made to restart 11 economically significant projects that were previously halted by the Japanese Government, as well as 76 projects that had been suspended by the Chinese Government.

“The current Government has already taken significant steps to provide economic stability, creating a more secure environment for investors. As a result, the Government has been able to facilitate large-scale investments in renewable energy, including the construction of a 50-megawatt wind power plant in Mannar,” the President stressed.

He highlighted that a business-friendly environment has been established where investors can operate without having to pay any commissions.

He also pointed out that, in past Parliaments, it was common for MPs representing the Opposition to later join the Government and vice versa. However, he emphasised that such a situation does not exist in the current Parliament, where there is a clear distinction between the Government and the Opposition. He described this as a strong example of political stability.

President Disanayake also remarked that a model political system has now been established in Sri Lanka. He assured that, by the end of the current administration’s tenure, there would be no room for a destructive political climate to re-emerge.