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| Sunday, 21 December 2003 |
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Govt. should be facilitator, not player in business sector - Carter by Hiran H. Senewiratne The government should not look at granting very large tax concessions for businesses, but instead create a conducive environment for investment, said Senior Residential Representative, International Monetary Fund, Jeremy Carter. "This will enable the government to give more tax advantages with the increasing number of business organisations in the country," Carter told the eighth 'Sri Lanka Entrepreneur of the Year 2002' ceremony, organised by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL). He said the government should not get involved in business activities, but act as the facilitator for the growth of business in the country. "The private sector requires government backing to improve the economy and living standards of the people," Carter said. He said entrepreneurs are risk takers, innovators and good organisers. They have a lot of ideas, and the government should provide a conducive environment for them to implement those ideas. He said Sri Lankan entrepreneurs are very dynamic, resilient and can face any challenges, which are some of their striking features. Carter said the government should first help small people to promote entrepreneurship. He said: "Small entrepreneurs are the people who become big in the business. They are the ones who generate employment opportunities for the country". The international community can play a small role in developing the country's entrepreneurship. They can lend support to change the basic philosophy on entrepreneurship to achieve sustainable growth, Carter added. FCCISL President, Nihal Abeysekera said awards ceremonies of this nature will put the entrepreneur in the driving seat. He said the FCCISL is a link between the private and public sectors to promote the country's entrepreneurs to maximise their potential. Local entrepreneurs exhibited a high degree of resilience during the turbulent period and it is a strength for the country, he added. Royal Fernwood Porcelain Ltd Managing Director, Jagath Peiris was crowned 'Sri Lanka Entrepreneur of the Year 2002' at the glittering ceremony. |
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