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President links industry protection to affordable products for local buyers
Daily FT
|August 29, 2025
PRESIDENT Anura Kumara Disanayake strongly hinted this week that while manufacturers may need protection to grow and expand exports, such measures must also ensure local consumers have access to affordable, high-quality products.
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He made the remarks during discussions with ceramic manufacturers, one of the country's most heavily protected industries, ahead of the 2026 Budget.
The President's Media Division (PMD) said Wednesday a pre-Budget discussion for the year 2026 was held at the Presidential Secretariat between President Disanayake and local entrepreneurs in the ceramic industry, to review concerns and proposals related to challenges in the industry.
The discussion reviewed the Government’s plans to strengthen the domestic manufacturing industry, with the aim of expanding export revenue while safeguarding local entrepreneurs.
In addition, current issues and challenges related to the manufacturing sector were thoroughly examined, the statement said.
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