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The purpose of the loan scheme was to encourage the local production, regional development and to boost the revenue streams of the small and medium businesses in Sri Lanka, especially with the aim of withstanding foreign competitors and to elevate import substitution strategies in order to expand the Gross Domestic Product and economic growth ...
The Ministry of Traditional Industries and Small Enterprise Development was a Sri Lankan government ministry responsible for oversight of policy guidance and facilitation for traditional local industry, SMEs and the handicraft industry, with a goal of helping improve these industries to compete on the international market.
Richard Piries Company is the market leader and the pioneer in the tyre Retread industry of Sri Lanka and commands a market share of nearly 60%. In addition to that, it has become the largest Retreader in the whole of South Asia which is a remarkable achievement for a Sri Lankan company.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Martin Trust also known as Marty Trust (1934 – 2019) was an American business magnate entrepreneur and philanthropist who was also known for his contributions to the economy of Sri Lanka by modernising the country's apparel industry.
The Ceylon Chamber of Commerce was established on 25 March 1839, when Sri Lanka was known as Ceylon under British rule.. Rt. Hon. James Alexander Stewart-Mackenzie, then Governor of Ceylon, was instrumental to found the Ceylon Chamber of Commerce as he was keenly interested in promoting agriculture and trade in Ceylon.
George Steuart Group of Companies (George Steuarts) is Sri Lanka's oldest mercantile establishment, having been established in 1835 during British occupation of Ceylon.It is the oldest surviving mercantile firm in the country, with a recorded history dating back to the early 19th century, and is the first on the register of companies in Sri Lanka [1] [2]
Philip Upali Wijewardene (17 February 1938 – 13 February 1983: Sinhala: උපාලි විජේවර්ධන) was a Sri Lankan business magnate and entrepreneur. In 1983, Wijewardene had a net worth of US $50 million. He was the founder and chairman of Upali Group, the first multi-national business in Sri Lanka.