Sri Lankan government to strengthen aviation and export zones to build post Covid 19 economy
Sri Lankan government to strengthen aviation and export zones to build post Covid 19 economy

Sri Lankan government to strengthen aviation and export zones to build post Covid 19 economy

The newly appointed State Minister for Aviation and Export Zones Development in Sri Lanka, D. V. Chanaka has reportedly stated that the aviation and export zones which are considered critical in building the post Covid 19 economy would be strengthened.
The Minister has made this observation to the local media after assuming duties in his new portfolio. 
“Our primary responsibility is to make the President Gotabaya Rajapaksa’s ‘Vistas of Prosperity and Splendour’ national policy framework a reality. Despite the challenges, particularly post-COVID we will strive to achieve higher growth in both sectors, critical in generating foreign exchange to the economy,” Chanaka has said.
According to the Minister, many institutions under the ministry had not functioned up to mark in the recent past and they would be restructured with proper strategy and dynamism.
The State Minister has further informed the media that plans are being set in motion to address the shortcomings at the export processing zones and their facilities to ensure uninterrupted production for exporters.

OSL take:

Sri Lanka’s economy is currently engaged in a revival programme following the setback suffered earlier this year due to the global Covid 19 pandemic. However, the country’s exports sector has shown an impressive growth rate by recording over a US$1 billion in export revenue by July. Therefore, Sri Lanka’s export industry is has shown a potential for further expansion. Also, the country’s aviation sector has shown activity during the global lockdown due to repatriations and marine crew exchange programmes carried out in Sri Lanka. All this indicate the expanding business/investment opportunities in Sri Lanka’s export and aviation sectors. 

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Article Code : VBS/AT/20082020/Z_2

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