Business Today Sri Lanka - March 2021

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The energy sector of Sri Lanka has been infused with the dynamic energy of Udaya Gammanpila, Minister of Energy. The Minister has planned many initiatives to propel the energy sector to a more productive mode where the country will see new refineries, the introduction of biofuel and the recommencement of oil and gas exploration. He has also taken steps to build investor confidence and encourage the private sector to engage in the energy sector. Minister Udaya Gammanpila is a prominent member of the Government having been instrumental in the ‘Bring Back Mahinda’ campaign as well as providing immense support to the election of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa.

The Sri Lankan economy is at a crossroad where traversing in the right direction will enable economic growth that will be in line with President Gotabaya Rajapaksa’s
vision for the country, ‘Saubagyaye Dekma’. Ajith Nivard Cabraal, State Minister of Money & Capital Markets and State Enterprise Reforms is responsible for ensuring the stability of the currency as well as enabling a vibrant capital market, while also enhancing the performance of State Enterprises. He has taken on the challenge to steer Sri Lanka into a virtuous cycle of economic growth.

Keasila Jayawardena, Chairperson, National Savings Bank spoke about the strategies adopted to realize these achievements under her leadership.

Shamendra Panditha, Managing Director, Sierra Cables is confident that with the Government’s policy of encouraging local businesses, the manufacturing industry has many opportunities to utilize.

Kevin SungSu YOU, Managing Director, Samsung Sri Lanka spoke about the global giant’s approach where they take a long term view when entering a market.