The effective GDP contributions for foreign employment- Sri Lanka

Sustaining Sri Lanka’s economic growth should be the main focus of any government to achieve its plans and vision, whether it is targeting $50 billion exports per annum or generating one million jobs. A whole host of prerequisites need to be met to sustain economic growth. Apart from political and social stability, a number of other factors like increasing savings and investment, reducing public debt, achieving low levels of inflation, increasing foreign exchange reserves, maintaining a stable exchange rate, among others are required for this purpose.

Delivering Competencies to SMEs holders gained through AAF Program – 2015 in Monash

The National Human Resources Development Council (NHRDC) of Sri Lanka, under the Ministry of National Policies and Economic Affairs, has targeted empowering Small and Medium Industries’ holders through conducting training programs in selected districts. Soon after I participated at the Entrepreneurship Development Program which held on 12^th September – 19^th October 2015 in Monash University in Australia, the empowerment of small and medium entrepreneur development programme has developed by me and targeted SMEs in the villages. I hope after improved my skills in SMEs development, I am applying to implement with using Public and Private Partnership method to do it continually.

These training programs were held five districts and targeted another two districts with the objective of enhancing of skills of SME entrepreneurs in Administration, Financial Management, Market Identification, Managerial Issues and Strategies and Policy Framework (Tax, Audit, and Registration). 

Increasing food production through promoting SME in Sri Lanka

The SME sector in Sri Lanka is considered as the backbone of the economy with their significant characteristics on employment generation, GDP growth, improving innovation capability and stimulating of other economic activities in Sri Lanka. In the country, more than 80% of businesses run by SME’s which are mainly in foods processing, manufacturing and construction field. In addition, they are supplying about 35 percent of employment and about 20 percent of total industrial value addition (Galagoda, 2008).

Strengthening and Promoting of SMEs in selected districts.

Figure 1 the SME holders who were 

participated at Matara Training Programme

 with Master Trainer from Cylone Chamber of 

Commerce on23rd Dec 2016

The National Human Resources Development Council (NHRDC) of Sri Lanka, a respective council coming under the Ministry of National Policies and Economic affairs targeted to empower the Small and Medium Industries through conducting training programmes in selected districts. Recently, three training programmes were held in Pollonnaruwa, Matara and Kandy District with the objective of enhancing of skills of SME entrepreneurs in Administration, Financial Managemnet, Market Identification,  Managerial Issues and Strategies and Policy Framework (Tax, Audit, Registration).

Will they think about FUTURE WORKFORCE ready @ today BUDGET?

Today many young people coming out of secondary education: only 25% attend higher education, where access is very low and inequitable. Of which too large a share of students are in humanities and arts relative to sciences/engineering (50% vs. 17%); great variation in quality and abysmal quality of External Degree Programs (40% of total enrollment) another 30% enroll in TVET with low quality and relevance to market needs the remaining 45% will have limited opportunity to acquire further job-specific skills (except on the job market).

On the other hand employers see skills shortage as a major constraint; and question the quality and relevance of general education, TVET and higher education. Therefore, the national education strategy needs to take into account that skill building is a continuous process starting from early childhood: “Skills beget skills” along the life-cycle. Focusing only on the end of the education cycle may be too late and not address the core issues.

Strengthen the education for the secondary level student in Batticaloa West Zone.

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RECOMMENDATION FOR EDUCATION DEVELOPMENT

Project Overview

Education in the largest sense is any act or experience that has a formative effect on the mind, character or physical ability of an individual. In its technical sense, education is the process by which society deliberately transmits its accumulated knowledge, skills and values from one generation to another.

Education in Sri Lanka falls under the control of both the Central Government and the Provincial Councils, with some responsibilities lying with the Central Government and the Provincial Council having autonomy for others. Sri Lanka's population has a literacy rate of 92%, higher than that expected for a third world country and it has the highest literacy rate in South Asia and overall, one of the highest literacy rates in Asia

Strengthen existing SMEs’ competitiveness is a corner stone of creating our workforce future ready.

  Existing SMEs trend in Sri Lanka

Small and Medium Enterprises (SMEs) are regarded as one of the main driving forces of economic development of all economies because they generate new employments, introduce new business methods and products, reduce poverty, inflation and income inequality and solve the balance of payment problem (Prasad, Tata and Guo, 2012; Singh, Garg and Deshmukh, 2010; Tambunan, 2008; Zeinalnezhad, Mukhtar and Sahran, 2011). Therefore, SMEs are cnsidered as the backbone of economic development of a country.