Sri Lanka Export Development Board chief Subasinghe steps down

ECONOMNYNEXT – Chairman of Sri Lanka’s Export Development Board Prabash Subasinghe, who gave leadership to the agency amid a Coronavirus pandemic, said he is stepping down after completing one year to focus on his own businesses.

“My one year is finished and I am stepping down to focus on my own business and I think EDB had a great year,” Subasinghe told EconomyNext.

Subasinghe is himself an exporter and runs Global Rubber Industrries, a material handling tyre maker and a seafood firm.

“We were able to create a sense of urgency around exports and make it a national priority while helping the exporters to restart their businesses from April to May.”

“We made strong connections in with our exporters and in foreign markets so I think the EDB did a fantastic job so I leave with my head held high.”

Sri Lanka’s exports plunged in the second quarter as the country was locked down, and the EDB was a key player in helping the manufacturing sector back to work.

Sri Lanka’s export firms are either linked to the Board of Investment of Sri Lanka or are registered with the EDB.

Last week Susanthe Ratnayake, Chairman of the Board of Investment, who was a former Chairman of Sri Lanka’s John Keells Holdings, also stepped down after completing one year in the job. (Colombo/Dec03/2020)

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  1. Why these big gentlemen are leaving when really needed their services to the country. Could be issues from Leadership or any other. There are plenty of work to be done with the budget proposal came. A lot to do…. To the country…. SME Sector need these type of Gentlemen…. Please share your reasons leaving these big positions.

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