CIOB plans to conduct the seminar on ‘Reviving of the Construction Industry amidst the Forex Crisis’ today at the Taj, at 4.00 p.m. 

It aims to collaborate with an eminent panel of guest speakers, invitees and participants, to work against the stoppage of construction activities in Sri Lanka, by discussing the adoption of alternatives which would allow the industry to continue without interruption. “CIOB has repeatedly conveyed to the government that the solution is not to stop construction, but to adopt alternatives for this problem. The reason for this seminar is to find alternatives that should be adopted,” CIOB President Dr. Rohan Karunaratne said.

Currently around 50 percent of the industry has been suspended because of the non-availability of materials and the price hike.  This affects not only Sri Lanka’s development, but its GDP, employment levels and economic stability.