Industries in sri lanka

      

    Industries in sri lanka

 The thrust of the long term industrial policy of the government is to develop a globally competitive ,dynamic and technologically safisticated Industrial sector. Industrial policy should encourage innovative and productivity improvement in the industrial goods and services.

Objectives of Industrial policy in Sri Lanka 

1. Generating job opportunities to reduce unemployment.
2.  Expand the base of the domestic industry.
3. Develop a physical and the human resources in an efficient way.
4  Promoting the Export- oriented Industries.
5. Regional Development.
6. Product Diversification.

Infrastructure facilities for the Industries in Sri Lanka

The basic requirements is to develop the Industrial Sector.

Electricity
Transport
Insurance
Banking and Technology etc. are Infrastructure facilities.

In Sri Lanka Infrastructure facilities for the industrial sector. The government provide the Infrastructure facilities through the following Government Institutions;
                            
Board of Investment    B.O.I.
Industrial Development Board   I.D.B.
Export Development Board   E,D.B.
Sri Lanka Standard     S.L.S.

The private sector also contributes the infrastructure facilities for the industrial sector in the following ways ;
B.O.O-  Build Operate Ownership
B.O.T.-  Build Operate Transfer
M.O.T.- Moderate Operate Transfer

Steps taken by the Government to Develop the Industrial Sector

1. Provide tax concessions (B.I.O.)
2. Exempted the customs duty and VAT for machineries and the Equipment.
3. Provide and Develop the Infrastructure facilities.
4. Provide new market.
5. Provide financial assistance through Government Bank.
6. Provide technical service through Government Institutions.
7. Provide management and the consultancy services.
8. Provide training for employees through Government Institutions.