Sri Lanka discloses 5-year plan to boost manufacturing, exports

It aims to grow GDP contribution to 20% by 2030.

Sri Lanka's Ministry of Industries has prepared a national industry policy and a five-year plan for 2023-2027, which aims to boost manufacturing sector's annual contribution to gross domestic product (GDP) from 16% to 20% by 2030.

The policy also aims to raise the role of entrepreneurship in the Sri Lankan workforce from 2.8% to 7%, and increase the share of industrial exports in GDP from 14% to 20%.

This is to establish a globally competitive national industrial base.

A bill has been submitted to amend the Industrial Promotion Act and the Ministry has implemented a registration system for manufacturing industries, with 3,925 industries registered by June 2024.

Additionally, funds have been allocated to enhance leadership and entrepreneurship in small and medium enterprises through a loan scheme in 2022.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit