Lankan entrepreneurs lack motivation, says award winner
Sri Lankan entrepreneurs lack motivation to develop their skills and
be innovative in manufacturing products that will attract international
buyers, said the 2006 Entrepreneur of the Year Award winner and Chairman
Laugfs Holdings W. K. H. Wegapitiya.
W. K. H. Wegapitiya
He was addressing a ceremony to launch "The Sri Lanka Entrepreneur of
the Year 2007" organised by the Federation of Chambers of Commerce and
Industries of Sri Lanka (FCCISL).
Wegapitiya said the world economy is undergoing a major
transformation from an isolated to an integrated economy known as
globalisation. Emerging economies have broken cross-border barriers to
promote trade and investment.
"Sri Lanka is a backward nation compared to India, China and certain
other countries in the region due to political instability, corruption,
high inflation and interest rates and lack of a consistent policy", he
According to an international business survey of 137 countries Sri
Lanka is ranked the 60th in doing business. The business and industrial
community should take a cue from other countries which are ahead of Sri
Lanka in developing their businesses.
President FCCISL, Nawaz Rajabdeen said it is important to recognise
and reward entrepreneurs since it will help to motivate and develop the
skills of the SME sector entrepreneurs. Entrepreneurs are the
cornerstone of a vibrant economy.
Rajabdeen said the Chamber will recognise and reward disabled
entrepreneurs who have made a contribution to the economy. A special
feature of this year's awards is the inclusion of the 'Young Woman
Managing Director Lanka Bell, Prasad Samarasinghe said the company
became a leading telecommunication solutions provider because of its
commitment to be a truly Sri Lankan company.
The company's aim is to be a leading global player in the
Lanka Bell which commenced operations three years ago with 50,000
customers has over one million customers today through its islandwide
Registered businesses who have been operating for a minimum of five
years prior to the closing date of applications can apply for the
awards. Enterprises will be categorised as small, medium, large and
extra large for the regional and national awards.
Chairman, Samson Group (DSI), Kulatunga Rajapaksha, Chairman,
Tri-Star Apparel Group of Companies, Kumar Devapura, Chairman, Flexport
(Pvt) Ltd. P. N. Nandadasa, Managing Director, Daya Group of Companies,
Daya Gamage, Chairman, Hands International Gretian Gunawardena,
Chairperson, Odel (Pvt) Ltd. Otara Gunawardena, Chairman and Managing
Director KIK Group of Companies, Lalith Kahatapitiya and Chairman,
Raigam Marketing Services (Pvt) Ltd. Dr. Ravi Liyanage are some of the
The FCCISL will hold its 13th annual awards ceremony on December 11
at the BMICH.