CNCI congratulates Prime Minister and newly-appointed ministers

Monday, 17 August 2020 00:30 - - {{hitsCtrl.values.hits}}

CNCI Chairman Ruwan Edirisinghe

The Ceylon National Chamber of Industries (CNCI), the pioneering chamber for Sri Lankan industry, congratulates Prime Minister Mahinda Rajapaksa on his fabulous victory at the Parliamentary Election 2020 and his appointment as the Prime Minister of the Democratic Socialist Republic of Sri Lanka. Sending a press release, CNCI Chairman Ruwan Edirisinghe jointly with its membership also extended their warm felicitations to all the newly-appointed Cabinet and State Ministers and congratulated them for their election as Members of Parliament with a historical victory.

People in the country have agreed and accepted the economic policies through Visions of Prosperity and Splendour presented by the President. CNCI Chairman said that many industries in the country couldn’t perform well during the last four years due to various reasons, which has been aggravated by the COVID-19 impact. Reviving and developing the domestic industries need government’s support. We should thank the Government for offering financial assistance at low interest rates and proper guidance as short term economic strategies to overcome the immediate issues faced by the industries during the peak time of the COVID-19 impact.

Our country needs a stable macro-economic environment for smooth moving of the economy with low inflation and sustained positive economic growth. He emphasised the requirement of policies to be in place to protect and encourage the domestic industries while pin pointing the importance of having sustainable and long term policies especially for tax and duty structures to boost the confidence of the entrepreneurial community. Similarly, the country has many inventors and people in various circles with innovative abilities. If there is a platform for new product opportunities with R & D facilities, their knowledge can be used for producing of high-tech and innovative products, which is an ideal need of the hour.

“We appreciate the new Government’s vision in creating the ministerial portfolio covering all the socio economic segments with limited heads to the positions. We are also very happy to witness a separate Ministry for Industries and are hopeful of a conducive and protective environment for local industries for existence, development and new emergence.”

CNCI assures its commitment and cooperation to the Government in its move forward to bring prosperity and peace to the nation and congratulates the Prime Minister – Mahinda Rajapaksa, the Cabinet of Ministers and the State Ministers with best wishes for success in all their endeavours.