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| Sunday, 24 February 2002 |
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Lanka set to achieve 10% growth rate in 2003 by Elmo Leonard A mega city between Katunayake and Colombo would soon take shape as part of the new private sector-oriented government strategy to revamp Sri Lanka's economy, Minister of Commerce and Consumer Affairs Ravi Karunanayake said last week. Sri Lanka would achieve an economic growth rate of nine to 10 per cent by year 2003, leaving behind the minus growth rate. The new government will deliver the goods while achieving peace and development in the whole country, Minister Karunanayake said. The Minister was speaking at the Lanka Star Awards night of the Sri Lanka Institute of Packaging. The adage 'export or perish' would again apply. Value addition of exports would be given top priority in the government's efforts to uplift the economy, the Minister said. The Minister hinted that the forthcoming budget would lessen the burdens heaped on the people during the last few years. GST is likely to be reduced. There would be a weaning away from aid to trade with the outside world, the Commerce Minister said. |
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