Big incentives for innovation in new Sri Lanka budget: Harsha

ECONOMYNEXT – Sri Lanka’s forthcoming government budget will have incentives to encourage research and development, Harsha De Silva, deputy minister of national policy and economic affairs, said.
Sri Lanka scores low in its spending on research, he told the 2017 International Conference of the Chartered Institute of Logistics & Transport (CILT). 

“In the next budget you will see generous incentives to shift more people towards knowledge-based industries, to innovate, and invest in ‘productisation’.”

De Silva said the government was trying to eliminate barriers to export and import trade so that businesses cn make better use of the island’s location to be a logistics hub.

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