Investment in Infrastructure

Inventions and Innovations alone don’t become commercially successful enterprises. Entrepreneurship is the production of innovative goods and services to meet specific market needs.

The economy of any state develops because of their entrepreneurs. But they have to take risks for that.

Therefore, arrangements will be made to provide the necessary capital and other facilities for the development of local entrepreneurs. Integrated investment programmes will be introduced from startups to large-scale enterprises in targeted sectors.

In addition to commercial banks, LKR 10 billion of investments per annum will be done through cooperative banks in an enterprise development model.

Facilities will be provided for business creation between foreign and local entrepreneurs.

New Acts and facilities will be provided to increase investment opportunities through private equity investment as well as the stock market.

A Social Impact Investment Fund of LKR 1 billion will be introduced to support Social Entrepreneurs who solve social and environmental issues through entrepreneurial solutions. This will reduce the expenses borne by the government because the social enterprises solve part of the issues which otherwise the government will have to resolve.

Barriers to increasing foreign investment will be removed. Necessary mechanisms will be developed to make those investments transparently and formally.

Domestic enterprise products will be actively linked with international market supply chains.

For all the above developments, it is essential to continuously improve the human resources of this country.

Due to the decrease in the population growth rate in Sri Lanka, the youth community is decreasing rapidly compared to the aged community. This is a hindrance to the expansion of production capacity required to achieve the above economic goals.

Therefore, population growth will be properly managed, and investments will be made in nutrition and health to keep the population healthy for a long time.

This is the property of the Sri Lanka Podujana Peramuna. Do not copy or reproduce. A special program will be introduced to protect professional dignity with incentives to get the services of essential experts for the country to meet the above development targets.

Investments will be made in developing all sports and physical fitness from the school level to the national level to produce healthy citizens of mind and body.

Investments will be made in programmes that can develop the formal education, skills and attitudes necessary for rapid economic growth. Investments will be made in the development of religious and cultural aspects essential for a dignified standard of living.

A special programme will be introduced to make the incarcerated workers contribute more to the economic process.

Scientific research should be done constantly to innovate for the sake of development. Therefore, investments will be made in research for new products that can be successful in target market segments and for upgrading existing products to a higher standard.

Investments will be made to create a thriving research culture that will link private-sector research institutions in addition to universities and government research institutions.

The intellectual property rights for the new knowledge and products generated by such research will be available to the government in proportion to the investments which will in turn earn consistent revenue.

Both physical and soft infrastructure will be developed for local, regional and international interconnectivity.

Katunayake, Mattala, Jaffna, Ratmalana and other Airports, as well as Colombo, Hambantota, and Trincomalee Sea Ports, will be developed over the next 15 years to service 80 million passengers per year.

The transport system will be improved and completed to international standards including high- quality sanitary facilities.

Investments will be made in housing construction following the policy of providing safe housing to every citizen.

Priority will be given to the planning of towns and villages, the design and construction of new towns, and the construction of offices and factories related to the above economic targets.

All government buildings constructed in the next decade will be designed and constructed per advanced techniques to suit modern and future climate conditions, with minimum maintenance costs and in an environmentally friendly manner.

Through the integration of all such constructions, the wastage of resources and time will be minimised.

Investments will be made to meet the country's energy needs from renewable sources so that electricity can be continuously supplied to reduce fuel imports and environmental pollution.

Investments will be made in modern software and hardware to enable them to be installed and run safely and continuously to bring public sector services up to international standards.