Sri Lanka private sector must take more risks: Ranil

ECONOMYNEXT – Sri Lanka’s private sector must take the initiative and more risks to expand the island’s trade and investment now that the government is taking steps to create a better business environment, Prime Minister Ranil Wickremesinghe said.

“There’s a limit to what governments can do,” he told the launch of a Pakistan trade show in Colombo during Pakistan Prime Minister Nawaz Sharif’s visit to the island.

“You’ll in the private sector must pick up the ball and run with it.”

Wickremesinghe said Sri Lanka and Pakistan must bring their econ relationship to the same level as their political relationship.

Trade and business had thrived in the south Asian region in the past and need to be revived.

“It is our forgotten heritage. We have forgotten the importance of capital and trade,” Wickremesinghe said.  “This is the way forward.”

He urged the private sector to “take the initiative” with reforms started by the new government  creating a better business climate.

“Take a few risks – trade can never be done without risks.” (Colombo/January 06, 2016)

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