Sri Lanka’s government urged to prioritize North and East development
Daily FT: Tamil National Alliance (TNA) Parliamentarian Shanakiyan Rasamanickam has urged the Government to focus on developing the Northern and Eastern Provinces.
Speaking in Parliament the MP said, “We welcome the development of the Rathnapura District and the Kandy expressway, but we would like to urge the Government to develop the North and East as well.”
The TNA MP called on the Government to prioritise developing key infrastructure in the North and East, including the Trincomalee harbour, Batticaloa airport, Jaffna’s Palaly airport, and the KKS harbour, noting that better connectivity would unlock regional potential.
“If these airports and harbours are developed, we can generate funds and attract grants to develop the North and East, but only if the Government of the day allows it,” he said.
OSL take:
With Sri Lanka on a steady growth path with the potential of achieving regional hub status, there’s growing focus on the development of regions in the country outside the country’s commercial capital, Colombo. It is in such a backdrop that the development programmes in Sri Lanka’s North and East Provinces present business/investment opportunities for foreign businesses/investors on the lookout for lucrative business ventures in the South Asian region, especially in Sri Lanka. Given the growing business potential in Sri Lanka due to the country becoming an emerging business destination in the region, supported by its geographical positioning in the Indian Ocean, the many trade agreements as well as trade concessions enjoyed with many foreign countries and the growing business conducive environment in the country, foreign businesses/investors could be guaranteed of lucrative ventures in the opportunities in the country, especially in the North and East Provinces. The interest shown by many foreign countries like the US, India and China in the development programmes in these provinces indicate the potential and lucrative nature of the business/investment opportunities in Sri Lanka’s North and East provinces.
| Article Code : | VBS/AT/20251015/Z_4 |