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Strengthen local investors to suit economy -JVP


2017-11-14

The JVP has requested the government to strengthen local investors in a manner that suits the economy.

Speaking at a media briefing held in Colombo today, MP Bimal Ratnayake said it is difficult to attract foreign investors to the country in the face of the global economic crisis.

The Parliamentarian said foreign investors are not interested in earning profits by building tire factories in Sri Lanka adding that they prefer to invest the funds in banks and sell shares.

MP Bimal Ratnayake said the JVP encourages the government to bring in more investors, however he said the government should not make it Sri Lanka’s main source of income.

MP Ratnayake said the government should focus on supporting local investors and producers. MP Bimal Ratnayake also said there is a huge market for local products in Sri Lanka.

The Parliamentarian said the government should produce quality goods that will satisfy the needs of local consumers instead of focusing on export products.

MP Bimal Ratnayake also urged the government to increase the tax imposed on beer which was proposed to be reduced through the 2018 Budget.

The Parliamentarian said the government has taxed Sugary drinks, which is a favourable proposal.

He said limiting the consumption of Sugary drinks is commendable as it will reduce the chances of children being diabetic.

MP Bimal Ratnayake said children will be more inclined to consume beer or hard liquor as soon as the price is reduced.

He said the JVP advices the government with responsibility that children will be persuaded to consume alcohol and drugs.

MP Ratnayake said the government should consider amending the proposal and increase the tax imposed on beer.