Robust economic plans to offer new opportunities for women entrepreneurs

“Sri Lanka has come a long way in a short space of time. With an economy that is growing and a robust economic plan for sustainable growth, people’s lives and their roles in the society are being changed significantly. This has brought new opportunities for women to draw on their unique talents increasing their participation in the country’s development.” Prime Minister Ranil Wickremesinghe made this statement in a message issued on the upcoming ‘Woman Entrepreneur of the Year Awards’.

The Prime Minister will be the Chief Guest at the event, to be held on 4 August at the Taj Samudra Hotel, Colombo.

The Prime Minister further stated, “The biennial flagship event of the Women’s Chamber of Industry and Commerce (WCIC), recognises outstanding women entrepreneurs who change the world. The event is significant in its recognition of the steps taken by women in the world of business, and their growing contribution to our growth and development. Similarly, it is empowering women to improve their business and set up best practices for other women to follow.”

The Woman Entrepreneur of the Year Award is the flagship event of WCIC that recognises outstanding female entrepreneurs in Sri Lanka. It acts as an impetus for the female business community to improve their companies and establish best practices.

Guest of Honour at this year’s awards, Minister of Women and Child Affairs Chandrani Bandara, noted in her message, “Around 10% of the Small Medium Enterprises are owned by women. The Government is developing this sector by providing financial, marketing and other related facilities to nurture, foster and develop such enterprises. The Human Resources and Employment Policy of the Government includes promoting women’s entrepreneurship development for enhancing women’s employment. Many women working in the formal sector leave their jobs due to household responsibilities and they tend to stay back at home. By engaging in entrepreneurship activities they can easily combine their familial as well as income earning roles.”

The WCIC established in 1985, is the first women only Trade Chamber in Sri Lanka. The non-profit organisation focuses on developing urban and rural females in entrepreneurial skills, through a wide range of mentoring and learning programs to better their living standards and increase the number of females contributing to the country’s economy.

WCIC Chairperson Chathuri Ranasinghe commented that this year 21 female entrepreneurs from across the country will be recognised. She said, “Over the years, we have seen a steady growth in the number of females building their own businesses and becoming successful entrepreneurs. It’s a very encouraging sign and we want to see more Sri Lankan females being motivated to follow. This event gives us the opportunity to recognise women achievers that are innovating and re-inventing the country’s business environment and also inspire the next generation of female entrepreneurs in Sri Lanka.”