Sri Lanka's first national SME study calls for apex Commission & licensing agency.

Byline: LBO

Sri Lanka's first ever nation-wide study on the country's SMEs recommend an apex SME Advisory Commission integrating the three top national SME institutions under one roof. It also recommends Sri Lanka's first ever SME Industrial Zone, a national SME portal 'e-platform', and an SME-only licensing agency on the lines of BoI.

"I wish to thank the German development agency GIZ office in Sri Lanka for extending financial support for this initiative. This study focuses on three aspects-they are the current business environment relating to Small and Medium Enterprises in Sri Lanka the prevailing Institutional Framework supporting the sector and the Regulatory Framework that relates to the SMEs" said the Minister of Industry and Commerce Rishad Bathiudeen addressing the special presentation of the second draft report of 'Legal and Institutional Study for Creating Enabling Environment for SMEs' -a study commissioned by the Ministry of industry and Commerce at a cost of Rs 3.2 Mn...