New Incentives to Boost Sri Lankan Enterprise Productivity by 30% 📈

• The Ministry of Industry & Entrepreneurship Development, via Deputy Minister Chathuranga Abeysinghe, announced an upcoming incentive scheme for high-productivity enterprises. • Productivity Target: Businesses must develop plans to achieve a minimum 30% increase in productivity to contribute to the country's "industrial renaissance." • Incentives & Focus: Priority will be given for services such as low-interest loan concessions and land grants. This support specifically targets entrepreneurs with a vision for the international market. • NPS Role: The National Productivity Secretariat (NPS) currently provides free knowledge and consultancy on productivity concepts to local institutions, saving firms costs typically amounting to US$ 2,000 per day internationally. • Digital & Growth Plans: The entire program is scheduled to be implemented via a fully digital platform. The NPS aims to register 2,000 institutions for the next 2025/26 National Productivity Awards Competition, focusing on expanding participation from the manufacturing and service sectors.