Business Today Sri Lanka - May 2013

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According to the Development Policy Framework of the Government of Sri Lanka, as far back as the early 1970s, the local milk production covered as much as 80 percent of local demand in the country. However, with the advent of the open economic policy and increasing demands, imports of milk and milk products increased. By 2009 the local milk products met only 33 percent of the national requirement. In order to reduce the drain on foreign exchange resources, the Government set key targets towards self-sufficiency. Milco, Lanka Milk Foods and Cargills, the key players of the industry offer their views on the local dairy industry, its current standing and the way forward.
Established in 1981, ElectroRef Engineers has introduced many novel engineering concepts to Sri Lanka, thereby proving that engineers in the country are capable of manufacturing machinery on par with international standards. Wimal Jayawardhana, Chairman/Managing Director/Inventor and Upul Ekanayake, Director of ElectroRef Engineers spoke about the services offered by the company and the need to recognise the capabilities within Sri Lanka where development of local industries are deemed important and manufacturing encouraged rather than resorting to the importation of machinery.
As the President of J M Wickramarachchi, Mihira Wickramarachchi is a pioneer in the field of audiology and optometry.
Peugeot is respected for its quality and stature and is a vehicle brand that has made an impression on many Sri Lankans. Carmart the sole agent for Peugeot in the country, has over the last 60 years ensured the strong presence of the brand in the country by identifying that it is value that matters, not the price. Yasendra Amerasinghe, Director/ Chief Executive Officer of Carmart is the third generation at the helm and is propelling his grandfather’s legacy forward.