Sri Lanka Aims to Ease Forex Rules to Boost Electronics Exports š
Sri Lanka's Central Bank and Export Development Board (EDB) have engaged with electrical and electronics manufacturers to resolve regulatory bottlenecks and align monetary policy with export growth targets. ā¢ Target & Strategy: Aiming to scale sector revenue to US$ 1.00 Bn by 2028 through export-friendly foreign exchange, monetary, and fiscal frameworks. ā¢ Current Sector Standing: The electronics & electrical industry ranks as Sri Lanka's 5th largest merchandise export earner, generating US$ 440 Mn in 2025 revenue. ā¢ Economic Footprint: Crucial for industrial diversification and employment, supporting over 100 manufacturing companies and a 37,000-strong workforce. ā¢ Key Focus Areas: Discussions centered on resolving operational hurdles in inward/outward transaction rules, working capital, and forex repatriation regulations.