First ever forum on the Government’s strategy of Five Hubs, organized by Economic Development Ministry held yesterday (Feb. 25) at Hilton Colombo.
Nearly 300 from the public and private sector participated at the event which saw Central Bank Governor Ajith Nivard Cabraal delivered the keynote address and emphasising the economic rationale of the Government’s five hubs strategy. He also listed out a host of benefits from the strategy to the country, private sector and the people as well as how aggressively the Government was pursuing a series of actions and plans to realise this goal.
Parth S. Tewari, Head, Competitive Industries Global Practice of the World Bank Group, Singapore, highlighted some key lessons from Singapore’s success as a hub and share several recommendations in Sri Lanka’s quest to become a competitive hub.
The five hubs strategy emanates from the Mahinda Chinthana Vision for the Future, 2010 of President Mahinda Rajapaksa.
“The objective of our next massive leap forward is to transform Sri Lanka into a strategically important economic centre of the world. My determination therefore, is to transform Sri Lanka to be the Pearl of the Asian Silk Route once again, in modern terms, using our strategic geographical location effectively. I will develop our Motherland as a Naval, Aviation, Commercial, Energy and Knowledge hub, serving as a key link between the East and West,” states the Mahinda Chinthana Vision for the Future 2010.