COSMI Chief hails Gotabaya Presidency

Confederation of Micro, Small and Medium Industries (COSMI), Sri Lanka, Founder President Nawaz Rajabdeen expressed his warm congratulations to the seventh Executive President of the Democratic Socialist Republic of Sri Lanka Gotabaya Rajapaksa. 

COSMI Founder President  Nawaz Rajabdeen

In his message Rajabdeen urged President Rajapaksa to give special attention to resurrecting the ailing Industrial sector through MSMEs, also pointing out that the President’s commitment in fostering MSMEs in the regions, and addressing livelihood through women’s empowerment and youth entrepreneurship and skills development, with particularly attention to the north and east regions, as a vital step towards the country’s economic prosperity as well as for national integration. 

Rajabdeen also requested the new President to prioritise a National Industrial Policy in serving the local industrial community, while maintaining a global outlook.

“Sri Lanka has abundant talent in enterprise, innovation and technology, which should be harnessed for the greater wellbeing of the populace and also support the national economy in alignment with the principles of circular economy and inclusive and sustainable industrial development while facing the challenges of the 21st century,” he noted, adding that the chamber movement was keen to support President Rajapaksa in developing the country towards a secure, peaceful and enterprising nation.

COSMI was founded in 2019 by a group of veterans in the Chamber Movement in Sri Lanka, with a mission to revive, foster and promote industrial MSMEs in Sri Lanka. Services provided by COSMI to industrial MSMEs include; accessing low cost finance, productivity improvement, capacity development, technology upgrade and automation, industry linkage, international trade, and legal and regulatory guidance. 

COSMI is now inviting registrations from grassroots industrial MSMEs across the country to help them, and is in parallel building an industrial MSME database as a basis for business intervention services provided.