The Government has set a target of increasing the manufacturing sector’s contribution to the country’s GDP from 16% to 20%, by the year 2030, the Ministry of Industry said.
Secretary to the Ministry, Shantha Weerasinghe said it also includes raising the role of entrepreneurship in the workforce from 2.8% to 7% and boosting industrial exports’ contribution to GDP from 14% to 20%.
He pointed out that to achieve these objectives, the “National Industry Policy,” along with the five-year strategic plan for 2023-2027, has been prepared to establish a globally competitive national industry base in Sri Lanka.
Shantha Weerasinghe further said that the five-year strategic plan for 2023-2027 has already been submitted to the Department of National Planning.
He also emphasized that the Ministry of Industry has played a crucial role in reviving the country’s economy amid past economic crises.
The Secretary to the Ministry of Industry made the remarks while addressing a press briefing held at the Presidential Media Centre (PMC) on Wednesday. (Newswire)
