Sri Lanka Export Development Board to nurture 2,000 new entrepreneurs to engage in exports
Sri Lanka Export Development Board (EDB) has reportedly launched a national programme to nurture 2,000 new entrepreneurs to become exporters at regional level during the period 2017 – 2022.
The main objective of the programme is to encourage domestic enterprises invest in export industries to achieve the overall export target of US$ 28 billion in 2022, the state owned English daily, Daily News has reported.
Accordingly, 2,000 non-exporter entrepreneurs are planned to be transformed into exporters through capacity, product and market development programmes launched by the EDB.
The science and technology exhibition – ‘Shilpa Sena’ – was successfully held by Sri Lanka’s Ministry of Science, Technology and Research at the BMICH during July 18-21 this year. The exhibition was attended by over 400 public and private sector organisations including the EDB.
The exhibition provided a competitive platform for local entrepreneurs to sell their products and strengthen business relationships and also find new opportunities in the local market.
The Regional Development Division of the EDB had organised a pavilion of 10 stalls for 20 selected SMEs under the 2,000 New Entrepreneurs Development Programme who had represented handicrafts and gifts, footwear and leather goods, apparel, processed food and beverages, ayurvedic products, batik and handloom fabrics sectors.
According to the evaluation done afterwards, over 50 potential trade inquiries were received by the exhibitors and over Rs.1 million spot sales were recorded during the event, the media report further states.
During the exhibition, the Trade Facilitation and Trade Information Division of the EDB had organised the EDB booth and provided information to potential exporters and existing local businessmen in order to encourage them to engage in the export market.
OSL take:
Sri Lanka’s Export Development Board (EDB) is engaged in an aggressive programme to promote the country’s exports sector and fully utilize the benefits of the trade agreements as well as trade concessions enjoyed by the country. The move by the EDB to develop 2,000 new entrepreneurs to engage in exports will further expand Sri Lanka’s exports sector, which has been recorded a continuous growth in the past few years. The many trade agreements and trade concessions enjoyed by Sri Lanka have played a key role in the development in the country’s exports sector. It has also created many business/investment opportunities in Sri Lanka’s export market as well. Hence, foreign businesses/investors interested in doing business with Sri Lanka could explore opportunities in Sri Lanka’s exports sector.
| Article Code : | VBS/AT/20082019/Z_4 |