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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.
Trust invested in over twenty different businesses in Sri Lanka over a period of thirty years, which enabled the growth in the Sri Lankan economy. In 1994, the Government of Sri Lanka honored him by awarding the title, Sri Lanka Ranjana , for his outstanding and active involvement in the development of the country’s apparel industry.
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]
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]
The Sri Lankan Stalemate: Going Off the Screen in the Post Cold War Rajiv Gandhi's offer to send troops into Sri Lanka was deeply unpopular with the Sinhalese and, although initially popular with the Tamils, led to an outbreak of hostilities between the Tamil Tigers and the Indian Peace Keeping Force (IPKF) – Eelam War II.
This is a timeline of Sri Lankan history, comprising important & territorial changes and political & economic events in Sri Lanka and its predecessor states. To read about the background to these events, see History of Sri Lanka .