A new policy framework recommended to remove existing barriers for entrepreneurship in Sri Lanka

A new policy framework recommended to remove existing barriers to entrepreneurship in Sri Lanka

Thursday, October 20, 2022 9:12 PM SL time, ColomboPage News Desk, Sri Lanka.

20 Oct, Colombo: The National Council Sub-Committee to Identify Priorities in Formulating Short-, Medium- and Long-Term Strategies, noting that setting up a business in Sri Lanka has become a complex process, has recommended that a political Create framework to make this a very simple and easy task as in developed countries.

At the subcommittee meeting held on Wednesday, Chairman MP Namal Rajapaksa instructed Ms. Anusha Gokula, Director-General of the Ministry of Manpower and Employment, to organize a preliminary meeting within two weeks in coordination with all relevant institutions to remove the existing obstacles to Promote entrepreneurship in Sri Lanka and rapidly develop a new policy framework.

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The subcommittee also agreed to discuss and adopt the necessary legal and policy changes to make this process easier and more efficient in coordination with the offices of the division secretary and district secretariat and related institutions at the next committee meeting.

These recommendations were made when officials representing the Department of Labor and Employment and the Attorney General’s Office were called before the National Council’s subcommittee on determining priorities in formulating short-, medium- and long-term measures in order to formulate related national Discuss measures to promote entrepreneurship and investment yesterday (19).

Ms. Anusha Gokula, Director-General of the Ministry of Manpower and Employment, pointed out that as entrepreneurship and career guidance are a right that should be afforded to students in Sri Lanka, education policy should be changed to include it in school education.

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According to a recent survey, there are nearly 800,000 youth in Sri Lanka who are Not in Employment, Education, Training (NEET) and in need of professional guidance, including entrepreneurship.

The committee discussed that biographies of successful entrepreneurs should be included in the education curriculum in Sri Lanka and that children from school age should be made aware of new career opportunities and entrepreneurship that go beyond traditional jobs.

Therefore, the Committee recommended that education policies should be prepared for adequate guidance on choosing a relevant career field from the 9th grade or based on one’s own abilities and desires, and that the Ministry of Education should make appropriate proposals and develop guidelines.

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Minister Naseer Ahmed, MPs Pavithradevi Wanniarachchi, Sagara Kariyawasam, Wajira Abeywardana and Ali Sabri Raheem were also present at the committee meeting.

Meanwhile, a discussion also took place today on the formulation of new policies related to the electricity and energy sectors. Energy and Energy Minister Kanchana Wijesekera, Minister of State DV Chanaka, MPs Johnston Fernando, Pavithradevi Wanniarachchi, Sagara Kariyawasam and Energy Ministry Secretary Mr Mapa Pathirana were also present at the committee meeting.

Basic considerations on the policy changes to be made in relation to improving the efficiency of the relevant institutions in the power and energy sector were discussed, including the need to speed up the procurement process.


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