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President Ranil Wickremesinghe urged officials in the gem and jewellery industry to swiftly provide comprehensive plans for achieving the country's objective of bolstering annual export earnings through enhancements in the gems and jewellery exports and re-exports.
During a recent discussion held at the Presidential Secretariat to address issues within the gem and jewellery industry, the President highlighted the importance of promptly addressing challenges in the gems and jewellery sector to boost the country's revenue from exports.
He stressed that progress toward this year's target growth in the industry has not met the expectations compared to the previous year. Hence, he emphasized on the necessity of implementing a well-structured strategy aimed at attaining an annual export revenue of at least two billion US dollars.
Furthermore, the President revealed that recommendations pertaining to tax policies for the advancement of the gems and jewellery sector were submitted to him by the Sectoral Monitoring Committee on Environment, Natural Resources and Sustainable Development.
Deliberations extended to discussions on taxes impacting the industry as well as the export and re-export procedures. Pertinent stakeholders also shared insights with the President regarding the challenges that have emerged within the sector.
President Ranil Wickremesinghe assured that the government is fully prepared to provide necessary support and facilities if a formalized plan to elevate the gems and jewellery industry in Sri Lanka is presented promptly.
