Government expecting to reduce electricity tariffs by considerable amount: President

Colombo, October 29 (Daily Mirror)- The government is focused on significant issues such as lowering energy prices, promoting foreign investments and restructuring the diplomatic service to facilitate enhancing market access, President Anura Kumara Dissanayake said today.

He made this remark during a discussion held at the Presidential Secretariat today (29) with senior officials from the Export Development Board and exporters, the President’s Media Division (PMD) said.

The President said the government is expecting to reduce electricity tariffs by a considerable amount within next few years.

President Dissanayake stated that the government's aim is to create economic independence in the country and for this, the full support of the country's exporters is essential.

He highlighted the importance of establishing a single service window by integrating various government agencies and the Sri Lanka Customs to facilitate the export trade. He also emphasised the role of digitalisation in increasing the efficiency of government agencies involved in exports.

Exporters from various sectors, including the construction, freight transport and logistics, fish exports, information technology, gems and jewellery, printing, glass and ceramics and the spice industry products, participated in the discussion.

They addressed the challenges faced by each industry as well as the export sector as a whole, and potential solutions were presented.

The conversation also covered the government’s future plans to increase export income, focusing on investment promotion, proper regulation, research and development, infrastructure development, productivity enhancement, market access, digitisation and tax concessions.