Home / Entrepreneurship/ SL must have women entrepreneurship policy, says Sun Match Company Director Ranjan

SL must have women entrepreneurship policy, says Sun Match Company Director Ranjan


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 6 December 2017 00:00

Facebook

One of Sri Lanka’s leasing business personalities, Gowri Rajan, an entrepreneur from the hill capital who is the Director of the Sun Match Company which manufactures Soorya  and Sun Aqua mineral water, voiced that Sri Lanka must have a “women entrepreneurship policy” while commending the SME policy which came into being after years of deliberation. 

Rajan was addressing the Asia Pacific Executives Forum 2017 on the challenges of women entrepreneurship in Sri Lanka. The event was held at the Hilton Colombo.

Whilst the SME sector makes up almost 52% of the Sri Lankan economy of $ 87 billion, 73% of the export sector comprises SMEs, amounting to an $ 11 billion performance for the country which underscores the importance of this sector which rarely gets highlighted in the media nor has preference to finance, she stated. The current estimate is that almost 35% of SMEs are made up of women and having a policy for women entrepreneurs will make this sector stronger, especially in the north and east of the country, said Rajan, who is also the First Lady Rotary Governor in Sri Lanka and a business personality who has received a 2017 WIM/IFC Outstanding Career Women Award.

The speaker went on to state that SMEs tend to prioritise employing women and the youth, given their flexibility to work in entrepreneurial work situations, especially in developing countries where one in three SMEs are owned by women though the figure is reportedly less in South Asia. 

In Sri Lanka the number is about 22% and 39% in the case of small and medium-scale enterprises which Rajan said justified her call for a national policy for women entrepreneurs.

Offering the family company Sun Match as an example, she highlighted how selling abroad involves various costs ranging from marketing to launching new products and packaging to meet the needs of the global consumer  which demands additional costs and requires credit. Lending to SMEs that are led by women entrepreneurs suffers from informational problems and the inability to provide collateral/guarantees and credit history means that they incur higher interest rates and fees compared to larger firms which must be addressed, said Rajan. This problem is compounded by the difficulty to access affordable trade finance and a lack of dedicated financial services for the trading sector, which further reduces their export potential, said the entrepreneur.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

17 things ‘Avengers: Endgame’ teaches us about the state of our superheroes

Friday, 24 May 2019

Art imitates life. Even movies do. Maybe especially so. In these lean times, there’s nothing like a little laughter to stop the press, stem the blood pressure, ease that stress in life. So here goes. Trust you’ll take these tongue-in-cheek. Or pe


Sri Lanka needs urgent surgery!

Friday, 24 May 2019

Sri Lanka was on the slippery slope of a serious crisis, heading for a great disaster of the State, even before the outbreak of Easter Sunday attacks. Now, in the aftermath of the ruthless Easter Sunday attacks, the country’s crisis has become exac


Who built the Matara/Beliatta railway line?

Friday, 24 May 2019

In 2019, after 70 long years of independence, Sri Lanka succeeded in adding to the rail network left behind by the British when we extended the southern line from Matara to Beliatta, a distance of less than 20 miles. While the network left in place b


Occupational prestige further propagates a divisive society

Friday, 24 May 2019

Occupational prestige is regarded by society as an individual’s social standing based on the occupational position in the hierarchical social structure of an aggregate of occupations. Accordingly, the general public perceive certain occupations hig


Columnists More