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Sri Lanka’s UNP promises 45 economic hyper zones

ECONOMYNEXT – Sri Lanka’s United National Party said it would set up 45 hyper zones in hi-tech manufacturing, fishing, services, agriculture and tourism spread throughout the country that can compete with international markets if it was elected to office in August polls.

The UNP in the late 1970s set up two ‘export promotion zones’ drawing foreign direct investment, which brought new technology, management techniques and marketing from foreign companies that were selling in highly competitive markets with free trade.

Countries like Vietnam set up such zones over a decade later, with heavy state intervention in the economy being abandoned from 1984 through its ‘doi moi’ policy and progressively giving property rights back to ordinary Vietnamese as well as foreigners.

The UNP said in its strategy document that 11 industrial and technology zones will be set up in Hambantota (shipbuilding and related), Raigama (consumer and new technology, Maha Oya (manufacturing), Trincomalee (manufacturing), Vanni (manufacturing), Kandy (IT and agri), Galle (IT), Jaffna (IT, agri, technology), and Kilinochchi (manufacturing).

Tourism hyper zones will be set up from Bentota to Mirissa and in the Cultural Triangle area.

There was also a plan for 23 agricultural hyper zones to make Sri Lanka a global market garden and 10 fisheries hyperzones.

The plans said there will also be 2,500 cluster villages.(Colombo/July24/2015)

 

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