Premier says tax incentives will be given to innovative companies

(COLOMBO, LANKAPUVATH) – Prime Minister Ranil Wickremesinghe says that Sri Lanka, as a country ready to meet the demands of the Fourth Industrial Revolution, must lead in the world market with new technology.

Prime Minister Wickremesinghe said steps will be taken to transform Sri Lanka, into a knowledge-based country by incorporating modern knowledge and technology into the education sector.

Participating at the inauguration of the ‘ShilpaSena’ Technical exhibition yesterday (18), the Premier said steps have been taken to provide computer education by modernizing the field of education.

The Prime Minister said that every sector should be armed with technology. He added that the Engineering faculties of the University of Moratuwa and Peradeniya should be strengthened in the journey of industrializing the country.

The Prime Minister pointed out that sectors for instance, Artificial Intelligence should also be given priority to meet the future demands. He said that Sri Lanka is no more a low income country, at present.

�If a country is to move forward, it must be dealing with future technologies like artificial intelligence rather than just being content.”

“We are planning to take the tourism industry forward through technology. For that, fundamentally education has to be built. Rural infrastructure should be provided before all these can be done. Steps have been taken to improve rural infrastructure through programs such as Gamperaliya and Enterprise Sri Lanka.”

Speaking at the occasion, Minister of Technology and Research Sujeewa Senasinghe said that Sri Lanka over the past four years has moved four notches up to rank 88 in the world most innovative countries. He pointed out that it should be taken up to 70th place.

The ShilpaSena Technical Exhibition will be held at the Bandaranaike Memorial International Conference until Sunday, July 21.

The exhibition, which aims to promote science, technology and innovation among Sri Lankans, is organized by the Ministry of Science, Technology and Research and consists of 600 stalls on modern technology, innovation, entertainment, entrepreneurship opportunities, etc.

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