Dilum calls for greater support for value added exporters

Friday, 30 September 2022 00:00 - - {{hitsCtrl.values.hits}}

Investment Promotion State Minister Dilum Amunugama has called for greater support and encouragement for value added exporters

“It is high time for Sri Lanka to encourage existing exporters for the export of value-added products,” Amunugama told officials of the Export Development Board (EDB) earlier this week.

“It is evident and apparent that value-added products will earn much needed competitive advantage for our brands. Hence, the local exporters should be provided with pertinent expertise and innovation to expand production and come up with value-added products for catering to global export markets,” Amunugama highlighted.

“At present, the country cannot afford to increase its exports owing to the prevailing economic conditions. Therefore, promoting value-added products for the export market will definitely keep the country afloat in the global competitive environment.

“Besides, it is also imperative to embrace products that provide high value by deviating from conventional export products,” he pointed out.

The State Minister also raised the importance of establishing ‘Export Houses’ which sets the tone for connecting suppliers and the exporters at the regional level, which would create the platform for the young entrepreneurs to enter the export market.

EDB Chairman Suresh de Mel, Additional Secretary to the State Ministry of Investment Promotion U.K. Bandara and BOI Director General Renuka M. Weerakone were present.