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Page 1: SRI LANKA 2020

© Research & Development Unit

Page 2: SRI LANKA 2020

After the military war is over,

the Economic War will begin…

Page 3: SRI LANKA 2020

What is this Economic War?

Page 4: SRI LANKA 2020

This war is all about ensuring …

Page 5: SRI LANKA 2020

No Sri Lankan goes to bed hungry

 

Cheap food strategy - so that the people will have enough to eat

 

All Sri Lankans should have access to good health facilities and medicine

 

Ensuring that all the citizens have access to good quality education at least up to secondary

school level.

Page 6: SRI LANKA 2020

Educating girls should be emphasized – paving the way for them to be educated mothers in the future.

English, ICT, Science, Technology and Math should be given pride of place in the sphere of education.

 

Attract good quality Foreign Direct Investments and not fly-by-night investors who only come to rob the country.

 

Good quality public transport should be available to all, i.e. buses, railway, MRT, etc...

Good quality infrastructure is a sine qua non for rapid economic development. Therefore, wide roads, development of renewable sources of energy, good quality garbage disposal mechanism and minimizing environmental pollution paving the way for sustainable development, are areas that deserve greater emphasis.

Page 7: SRI LANKA 2020

The Savings habit should be improved through greater public awareness so that the country could reduce its dependence on foreign sources to fund its investments.

 Micro lending and SME lending should be

promoted on a much bigger scale, with greater participation of women entrepreneurs on the

lines of the ‘Grameen’ scheme of Bangladesh.

 Expand broadband connectivity throughout the country so that rural small businesses can better compete and all Sri Lankans will have access to knowledge & information .

 Maintain fiscal discipline.

Page 8: SRI LANKA 2020

O P P O R T U N I T I E S

INFRASTRUCTURE DEVELOPMENT

Physical Infrastructure

Human Infrastructure

Page 9: SRI LANKA 2020

Southern Expressway-2011Rs.20,158 Mn. by GOSL (Government of Sri Lanka) and Rs.47,037 Mn. by ADB & JBIC.

Colombo-Kandy Expressway-2012 Rs.13, 000 Mn. by GOSL and Rs.52,000 Mn. Foreign.

Colombo-Katunayake Expressway-2012 Rs.5,000 Mn. by GOSL and Rs.22,000 Mn. Foreign.

Katunayake-Anuradhapura Road-2012 Rs.940 Mn. by GOSL and Rs.3,758 Mn. by Government of Korea.

The National Highway Network-Road Improvement (A and B) – 2012 Rs.5,700 Mn. by GOSL and Rs.13,300 Mn. Foreign.

Northern Expressway – 2017

Rs.90,000 Mn. Construction of Flyovers - 2013

17 flyovers are to be constructed in Colombo city and its suburbs.

Rs.6,000 Mn. by GOSL and Rs.14,000 Mn. Foreign.

The Flyovers at railway crossing in Kelaniya, Pannipitiya, Orugodawatta and Gampaha

 The flyover at Nugegoda (Funded by the British Government

at a cost of Rs. 878 Mn.) - Completed

PHYSICAL INFRASTRUCTURE

Construction of several Bridges - Bentota & Manampitiya (Completed)

- Katuatugastota, Mannar, etc…

Outer Circular Roads-2011Rs.40,065 Mn. by GOSL and Rs.46,817 Mn. by JBIC.

Page 10: SRI LANKA 2020

Physical Infrastructure (Cont…) Power Generation Projects

Kerawalapitiya Power Plant - 2008Rs.90 Mn. by GOSL (Funded by CEB) Rs.34,177 Mn. committed by West Coast Power Pvt Ltd.Upper Kotmale Hydro Power Plant – 2009/10 Rs.5,952 Mn by GOSL and Rs.32,267 Mn committed by JBIC.

Norochcholai Coal Fired Power Plant – Phase 1 (2010/11)Rs.1,500 Mn. by GOSL and Rs.50,050 Mn. committed by EXIM Bank of China.

Colombo Port Expansion - 2010Rs.19,800 Mn. by GOSL and Rs.33,000 Mn. committed by ADB and the balance Rs.33,100 Mn from Private sector 

Ports and Aviation

Weeravilla International Air Port – 2010

Rs.19,250 Mn. by GOSL.

Oluvil Port Development – 2010

Rs.1,238 Mn. by GOSL & Rs. 4,950 Mn. by the Government of Denmark

Hambantota Port Development – 2011

Rs. 8,442 Mn. by GOSL and Rs.33,9770 Mn. committed by EXIM Bank of China.

The Contractor M/s China Harbour Engineering Co. and SynoHydro Corporation (Joint Venture)

Galle Port Development - 2012Rs.3,382 Mn. by GOSL and Rs.13,530 Mn. committed by

JBIC.

The consultancy contract has been awarded to M/s Pacific Consultants

Page 11: SRI LANKA 2020

Physical Infrastructure (Cont…)

Upgrading of Colombo – Matara Railway Line - 2012 Rs. 3,800 Mn. by GOSL and Rs.15,200 Mn. Foreign.

Transportation

Matara-Kataragama Railway Line Extension (Stage 1 & 2) - 2014Rs. 6,000 MN. by GOSL and Rs.24,000 Mn. Foreign.

Light Rapid Transit (LRT) Railway System - 2015 Rs.30,500 Mn. Foreign.

Eastern Railway Line Rehabilitation – 2012Rs. 900 Mn. by GOSL and Rs.3,600 Mn. Foreign.

HUMAN INFRASTRUCTURE

To improve the productivity of the people

SL should enhance ;

Access to good health care Access to cheaper but quality food Access to good quality education

Furthermore, year 2009 has been declared as the year of

English & ICT.

Page 12: SRI LANKA 2020

Positioning Sri Lanka as a Knowledge Hub Sri Lanka to be positioned as a centre for education

Private Universities – A MUST (With or without foreign collaboration). This would help SL economy by:

Reducing Foreign Exchange outflow for educational purposes

Encouraging Foreign Exchange inflow (foreign students coming to study here).

Already Sri Lanka has a pool of very knowledgeable University lecturers and professors.

The quality of our knowledge of English has to be vastly enhanced by utilizing foreign resources – preferably, the services of British trainers should be obtained to train our teachers.

Human Infrastructure (Cont…)

Page 13: SRI LANKA 2020

2009 – YEAR OF ENGLISH & ICT

Improvement of English and ICT  is a pledge embedded in the Mahinda Chintana policy statement. Two task forces have been set up to promote English and ICT in 2009, which has been declared as the ‘Year of English and ICT.

The Information and Communication Technology Agency (ICTA) of Sri Lanka as the apex body of Information and Communication Technology (ICT) in the country, assists the task forces. Other ICT related organisations also work with the task forces.

The key focus of the ‘Year of English and ICT’ is to

Make the general public proficient in English so that, inter alia, they will have greater access to world knowledge and opportunities /capabilities in the ICT sector.

Increasing the English and ICT literacy rate

Ensuring that Sri Lanka has sufficient English teachers and ICT instructors, thereby laying the foundation for English and ICT led development.

Creating ICT awareness in Sri Lanka.

Source: www.englishandit.lk/news2.html

Human Infrastructure (Cont…)

Page 14: SRI LANKA 2020

How are we going to develop our exports ?

Diversifying exports.

Certain industries have been identified as thrust industries which are capable of crossing the US$ 1bn threshold. Greater emphasis should be accorded to these industries

eg: Rubber, spices, Leather and Gem and Jewellery.

Sri Lanka must also promote the export of services including those connected to construction, banking, insurance and IT sectors.

Export

Development

Page 15: SRI LANKA 2020

Foreign Direct Investment (FDI)

Foreign Direct Investment (FDI)

High tech technology transfer

Using local resources

Goods for which there is a demand in the world market

Value addition

Skill development

We should avoid fly-by-night investors

Page 16: SRI LANKA 2020

SL had Received US$ 889 mn. of FDIs in 2008.Sector-Wise Analysis

Country US$ Mn Country US$ Mn

Malaysia 150 USA 57

India 126 Sweden 38

Netherlands 117 China 27

UK 87 Singapore 21

Luxembourg 82 Japan 17

Hong Kong 74 Belgium 13

Sector US$ Mn

% of Total

Services / Infrastructure 697 78.40%

Telecom Sector 553 62.2%

Power Sector 88 9.90%

Housing & Property Development 20 2.25%

IT/BPO 14 1.58%

Other 22 2.47%

Manufacturing 189 21.26%

Textiles & Apparel Sector 72 8.10%

Rubber Products 35 3.94%

Agro-Products 15 1.69%

Electrical & Electronics 15 1.69%

Non Metallic Mineral Products 12 1.35%

Fabricated Metal 10 1.12%

Garment Accessories 8 0.90%

Other 22 2.47%

Agriculture sector 3 0.34%Source : BOI, Sri Lanka

However, 62.2% of this was received for Telecom sector, while the broader category of Services / Infrastructure accounted for 78.4%.

The important Manufacturing sector attracted only 21.26% of total FDIs in 2008.

Main Contributors to FDI

Page 17: SRI LANKA 2020

Harvesting Marine Resources All this time a vast area of the

coastline was inaccessible due to LTTE activities. Now ,the coast line is free.

Tapping Fisheries Resources

Sri Lanka becoming self sufficient in fish

Excess to be exported - the possibility of establishing Canned fish factories in appropriate locations should be probed.

At present SL’s sea territory is

08 times larger than the

country and in near future the sea

territory possessed by Sri Lanka would

be 23 times larger than the

country.

Page 18: SRI LANKA 2020

SME Sector Developments

Developing the SME sector, which is

mostly concentrated out of the

Western Province, will result in the

creation of employment and

contribute to the development of

rural areas in the country.

SMEs are also important in Sri Lanka as they make up more than

80% of all businesses,

account for about 35% of

employment and about

20% of total industrial value addition.

Page 19: SRI LANKA 2020

Agricultural Developments

The Agricultural Sector is the cornerstone in Sri Lanka’s economy with more than 70% of the population living in rural areas depending on agriculture for their livelihoods. Currently this sector accounts for 18% of the GDP and 30% of the employment.

AGRICULTURE SECTOR – GROWTH

In 2008 agriculture sector including fishing had expanded by 7.5%

from 3.4%n in 2007.

Paddy production had risen 23.5% and a return

to peace in the eastern Sri Lanka had increased

maize production and fishing.

Rubber production increased by 10.3%

against 4.2% in 2007.

Tea increased 4.3% against a contraction of

1.8% in 2007.

The coconut sector grew at 5.2% against

5.1% in 2007.

AGRICULTURE SECTOR – GROWTH

In 2008 agriculture sector including fishing had expanded by 7.5%

from 3.4%n in 2007.

Paddy production had risen 23.5% and a return

to peace in the eastern Sri Lanka had increased

maize production and fishing.

Rubber production increased by 10.3%

against 4.2% in 2007.

Tea increased 4.3% against a contraction of

1.8% in 2007.

The coconut sector grew at 5.2% against

5.1% in 2007.

Agri Sector Share of GDP

2008

10.9%

Tea 1.2%

Rubber 0.2%

Coconut 1.4%

Minor Export Crops

0.4%

Paddy 1.8%

Agri Exports Earnings (2008) 22.7%

Tea 15.6%

Rubber 1.5%

Coconut 2.1%

Other 3.5%

Page 20: SRI LANKA 2020

Agricultural Developments – opportunities (Cont…)

The Cargills Group has invested Rs. 500 mn. in the recently cleared - eastern province. The ‘Food City’ company has already set up two outlets in Trincomalee and plans to open six more Food City outlets in the three districts including Batticaloa and Ampara. Plans are also afoot to start vegetables & fruit purchasing centres in the east plus a rice milling plant in Ampara.

A Public-Private Partnership (PPP) between Hayleys & USAID is underway to introduce new crops such as pickles, gherkins and pineapple to the Eastern & Uva farmers. According to the US embassy the project will teach modern agricultural practices and help farmers boost incomes by switching to cash crops.

The Hayleys Group is the sole exporter of gherkins from Sri Lanka and the second largest in Asia, processing more than 8,000 tons a year. It accounts for 50% of the market for bottled pickles in Japan and is a major supplier to renowned international brands such as McDonalds, Burger King, Unilever and Heinz.

The increased levels of mechanization in farming and good demand for agriculture related equipment, particularly in the country’s Eastern Province where farmers generally farm larger areas, have boosted agri-equipment sales.

Page 21: SRI LANKA 2020

Government has made arrangements for farmers who own paddy lands in the Ariyalai East High Security Zone (HSZ) (Jaffna) to commence cultivation. Earlier, access was restricted in the area due to security concerns.

The CBSL's decision requesting commercial banks to dedicate 10% of their lending portfolio to agriculture.

Tea - SL is one of the world's biggest exporters of black tea. However, the island's tea producers and exporters have been increasingly attracted by green tea, for which demand is growing in Western consumer markets. Green teas also fetch higher prices, especially since the health benefits of green tea drinking have begun to be popularised.

Lifestyle retail marketing is playing a growing role in the selling of tea. Traditional tea houses were growing in sophistication and new forms like tea bars and tea kiosks had emerged. These outlets offer a modern ambience to attract sophisticated, young consumers in the same way as coffee bars. The new generation which recognizes quality is willing to pay a premium for a superior quality product.

There is growing value addition in smarter packaging, flavoured teas and ethnic teas. Chilled ready-to-drink teas were a growing segment of significant importance.

Agricultural Developments – opportunities (Cont…)

Page 22: SRI LANKA 2020

Tourism has gone forward from packaged beach holiday attracting a low-cost, low-value market segment, to the niche markets focusing on value addition and offering specialized products such as Eco, MICE, Adventure, and Ayurveda/Spa tourism.

Sri Lankan Diversity >>>

Sri Lanka “A land like no other” known as an attractive destination for travel and tourism has emerged as the 4th highest

Forex earner for Sri Lanka.

Page 23: SRI LANKA 2020

East Coast Developments (Rs. 7 Bn.)

Nilaweli

Passikudah

Arugam Bay

Considering the huge potential for developing tourism in the Eastern Province, it is proposed to establish 03 Tourism Zones in Nilaweli, Passikudah & Arugam Bay by the year 2012.

The Kalpitiya Integrated Tourism Development Project (KITDP) - Year 2010 (Rs.15 Bn.)

The Dutch bay, Portugal bay and the most attractive islands such as Karaiitive, Ippantive and Periyarachchi etc… will be developed through this initiative.

Tourism Resource Improvement (Rs.2.9 Bn) – Year 2010

This includes Negombo, Sigiriya, Anuradhapura & Nuwara Eliya, areas. The objective of the project is to attract up market tourists in the Asian Region especially Japanese tourists.

Pinnawala Open Zoo

GOSL has allocated Rs. 80 Mn. to launch the Pinnawela Open Zoo project, off Rambukkana & would be the first open zoo in South East Asia

East Coast Developments (Rs. 7 Bn.)

Nilaweli

Passikudah

Arugam Bay

Considering the huge potential for developing tourism in the Eastern Province, it is proposed to establish 03 Tourism Zones in Nilaweli, Passikudah & Arugam Bay by the year 2012.

The Kalpitiya Integrated Tourism Development Project (KITDP) - Year 2010 (Rs.15 Bn.)

The Dutch bay, Portugal bay and the most attractive islands such as Karaiitive, Ippantive and Periyarachchi etc… will be developed through this initiative.

Tourism Resource Improvement (Rs.2.9 Bn) – Year 2010

This includes Negombo, Sigiriya, Anuradhapura & Nuwara Eliya, areas. The objective of the project is to attract up market tourists in the Asian Region especially Japanese tourists.

Pinnawala Open Zoo

GOSL has allocated Rs. 80 Mn. to launch the Pinnawela Open Zoo project, off Rambukkana & would be the first open zoo in South East Asia

End of War… End of War…

According to Tourism authorities, if the ongoing conflict is resolved, Sri Lanka can annually attract over

one million tourists after 2010.

Page 24: SRI LANKA 2020

GENERAL INFORMATION

– Northern Province (2007) –

Districts 05

DS Divisions 15

GN Divisions 435

No. of Villages 1,208

Population (1981) 738,788

Est. Population (2007) 1,237,360

Area 8,884 sq.km.

Area as % 13.6%

Population as % (07) 6.5%

Source: www.statistics.gov.lk

Page 25: SRI LANKA 2020

Flourishing North(Cont…)

Historically, Jaffna has been a vibrant economic hub, with an educated population and an entrepreneurial

workforce. The population now stands at around 559,619, down a quarter since 1981. According to

official figures, around 27,647 were internally displaced in Jaffna by September 2008, mainly due to

the conflict, with a fraction due to the tsunami.

Jaffna can become a strong growth contender. Robust economic

development in the peninsula will improve living standards and

naturally engender peace in the area. But it is imperative to learn lessons from the ongoing Eastern province development experience and apply the right mix of policies.

Jaffna can become a strong growth contender. Robust economic

development in the peninsula will improve living standards and

naturally engender peace in the area. But it is imperative to learn lessons from the ongoing Eastern province development experience and apply the right mix of policies.

Potential Drivers50% of SL’s red onion

30% of fisheries and

5% of milk and eggs.

Improving market linkages and infrastructure essential.

Education and training in high demand, ‘knowledge’

businesses are future growth drivers.

Potential Drivers50% of SL’s red onion

30% of fisheries and

5% of milk and eggs.

Improving market linkages and infrastructure essential.

Education and training in high demand, ‘knowledge’

businesses are future growth drivers.

Page 26: SRI LANKA 2020

Flourishing North(Cont…) CORE ECONOMIC ACTIVITIES - Northern Province -

Crop Agriculture

Livestock

Fisheries

Agriculture sector – 20% of the NP GDP, but it employs over 50% of the workforce. Fisheries sector employs 12% of the workforce

Potential agri-businesses opportunities in palmyrah (jaggery, palm sugar, arrack and fibre products) and fruits and vegetables (processed/pickled/dehydrated) must also be pursued, as recognised in a 2003 ‘Jaffna Plan’ initiative.

Agriculture, Fisheries & Livestock

The agriculture & fisheries sector of the Northern economy responded the strongest, with average annual growth in 2002-

2006 being 2 ½ times faster than in the previous period. As infrastructure and other fundamentals are still weak, the

industries and services sector are yet to show any real boost.

The agriculture & fisheries sector of the Northern economy responded the strongest, with average annual growth in 2002-

2006 being 2 ½ times faster than in the previous period. As infrastructure and other fundamentals are still weak, the

industries and services sector are yet to show any real boost.

Jaffna farmers require information on the efficient utilisation of agricultural/farming capacity including new seed varieties, modern fertiliser application and better livestock management.

Additionally, securing property rights to farmland so that it can be used as collateral, improving access to finance and easing borrowing constraints through micro-funding schemes and small business loan guarantees should also be addressed.

The re-opening of the A9 will improve market linkages, a key to reviving Jaffna’s economic fortunes, but these must be catalysed via private-public partnerships. Currently as much as 40% of perishable produce is lost due to the lack of connectivity.

Northern Contribution to the National Production

1990 2005

Red Onion 54% 10.5%

Chilli 10% 2%

Potato 11% 0.6%

Milk & Eggs 4% 4%

Fisheries 29% (1980) 9%

Page 27: SRI LANKA 2020

The Vadamarachchi East area of the Jaffna peninsula is said to

be endowed with large deposits of silica sand, which can be used in the manufacturing of glass products. Some of the

limestone deposits in the Kankesanthurai area are already

being tapped by the cement factory situated there, but more is possible. Jaffna can further

benefit from its proximity to the Pulmodai mineral sand deposit and the Seruwavila iron copper

deposit.

Flourishing North(Cont…) Agriculture, Fisheries & Livestock (Cont…)

Setting up a Dedicated Economic Centre (DEC) e.g. Dambulla Economic Centre. Medawachchiya has been identified as a potential trading hub for Jaffna produce.

Improving storage facilities.

Setting up collection centres on identified location.

Setting up a Dedicated Economic Centre (DEC) e.g. Dambulla Economic Centre. Medawachchiya has been identified as a potential trading hub for Jaffna produce.

Improving storage facilities.

Setting up collection centres on identified location.

The road link is essential not only for Jaffna farmers to sell to other markets, but also for Jaffna consumers to access cheaper goods. The cost of sea transport means that a typical basket of goods cost on average about a fifth more in Jaffna than in Colombo.

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FISHERIES SECTOR

No. of Fishing Families 17,751

No. of Active Fishermen 15,840

No. of fishermen allowed for fishing per day in 2008 9,371

Mining

Large deposits of construction sand in Jaffna have not been systematically

tapped, but will be a very useful resource when the revival of the Northern

Province takes off.

Re-establishment of

Kankasenthurai – Cement Factory

Paranthan – Chemical Factory

Re-establishment of

Kankasenthurai – Cement Factory

Paranthan – Chemical Factory

Tourism

Jaffna boasts of a number of historically important

sites, as well as places of religious worship that attract thousands of

people.

Tourism Activities

Nallur Kovil

Nagadeepa Vihara

Page 28: SRI LANKA 2020

Flourishing North(Cont…)

Literacy is estimated at around

92.5%, which is only lower than the Western and North Western Provinces, and performance at

national exams like O Level and A Level is

encouraging; the

A/Level pass rate in 2004 was

58%, higher than the

national average of 55%.

EDUCATION

The conflict has greatly impacted on the education system, though performance is still good in comparison

with the rest of the country.

The changing aspirations of the youth of Jaffna also need attention, with their interests lying more in services

than agriculture, fisheries or even manufacturing. Employment is shifting towards the services sector, with

over 45% of the Northern Province workforce being employed in it.

This enthusiasm for more skills and vocational training and for higher education must be catered for, and this

must be championed by the private sector. Having traditionally enjoyed high levels of educational

achievement, knowledge-based businesses (IT, legal and accountancy) may be the way forward for Jaffna.

85% of youth respondents want to

pursue higher education, and a

further 7% want to

follow vocational training. Only around

6% sought work in

the primary sector. Half the students are keen on computer studies and

nearly a quarter on accountancy.

Meanwhile 37% of firms

stated that lack of English language

skill is the main problem among their

employees, with 23% wanting IT

awareness. Source: Point Pedro Institute for

Development

Page 29: SRI LANKA 2020

Flourishing North(Cont…)

ElectricityTo ease electricity constraints and avoid the regular power

cuts in Jaffna, a 30MW power plant at Chunnakam has just

been constructed and is to be commissioned shortly.

The peninsula needs around 24MW and the excess

electricity generated by this new plant will help power the

Jaffna islands.

Northern Province Statistics >>>

lowest road density in the country.

63% of households have electricity (regional avg. 75%).

1% of households have land phone connections, (4%-Eastern, 12%-Southern and 42%-Western province).

highest mobile phone usage rates, with high spending on international calls.

Infrastructure Development

Allocation of Rs. 3 bn. – to rebuild 80,000 houses

Rs. 500 million - for resettlement programmes.

Jaffna will benefit from this in addition to the other three districts of Kilinochchi, Mullaitivu and Vavuniya.

Allocation of 8 acre land for a proposed industrial processing zone at Achchuveli.

The main seaport at Kankasanthurai, the airport at Palaly as well as the road links to these hubs need to be improved, if manufacturing businesses are to be attracted to the proposed industrial zone.

Allocation of 8 acre land for a proposed industrial processing zone at Achchuveli.

The main seaport at Kankasanthurai, the airport at Palaly as well as the road links to these hubs need to be improved, if manufacturing businesses are to be attracted to the proposed industrial zone.

‘Re-awakening’ Particularly important to the

Jaffna farming community is the World Bank’s ‘Re-awakening’

project (formerly the North-East Irrigated Agriculture Project)

which aims to restore the irrigation network in the peninsula

and boost the retention of fresh water whilst preventing sea water encroachment, at Thondaimanaru

and Valukkai aru.

Page 30: SRI LANKA 2020

Flourishing North(Cont…)

Jaffna has proven itself resilient, and will

undoubtedly find its way back to its past glories with a little help from

private and public sector players, catalysed by business chambers.

Though Jaffna is more prosperous than other districts in the Northern Province, much remains to be uncovered on the status of poverty in the region now, and

the health and nutrition needs of vulnerable groups of the population.

Epitome – Jaffna

Some attention could usefully be placed on innovative measures to attract investment and business interest from the Jaffna diaspora, converting the

accumulated financial and human capital among the diaspora into assets in the development process.

From a strategic point of view, the people of Jaffna, and the agencies aiding their recovery, need to identify where Jaffna’s key strengths lie and then work

aggressively to bolster them.

Jaffna can propel the Northern Province to contributing 6% to national GDP, twice its current level.

The challenge is how the private and public sectors work together to address these, and reap a sustainable peace dividend in the peninsula.

About 75% of the Tamil population who left Sri

Lanka are believed to hail from the Northern Province,

and in particular from the Jaffna peninsula.

Foreign remittances from the Tamil Diaspora living overseas, would further

strengthen the economic development in the Northern Province.

Page 31: SRI LANKA 2020

GENERAL INFORMATION

– Eastern Province –

Districts 03

DS Divisions 45

GN Divisions 1,052

No. of Villages 2,378

Population (1981) 975,251

Est. Population (2007) 1,460,939

Area 9,950 sq.km.

Area as % 15.2%

Population as % (07) 7.3%

Nagenahira Navodaya - Eastern

Revival -

Source: www.statistics.gov.lk

Page 32: SRI LANKA 2020

Nagenahira Navodaya Eastern Revival: Three Year Eastern Province Development Plan 2007-2010‐The total investment required for implementation of the proposed strategies has been estimated at Rs. 197 billion (US$ 1,840 million) of which 52% is to be met from foreign aid. The remainder is to be financed by the Government, private sector and other volunteer organizations.

Resettlement of Internally Displaced Persons (IDPs)

Revitalizing Productive Sectors and the Regional Economy

‐ Crop Agriculture‐ Irrigation‐ Fisheries‐ Livestock‐ Industries‐ Tourism‐ Minor, Small and Medium Scale Enterprises (MSME) Improving Economic Infrastructure‐ Electricity‐ Transport (Roads, Railways)‐ Ports‐ Water Supply and Sanitation‐ Rural Infrastructure Development

Strengthening Social Infrastructure and Fostering Social Services

‐ Education‐ Health‐ Youth Affairs and Sports‐ Culture‐ National Heritage‐ Social Protection

Development of Human Settlements

‐ Environment‐ Urban Development‐ Housing Facilities

Rebuilding the Capacity of Public Institutions in the Province

Major sectors covered by this initiative.

Page 33: SRI LANKA 2020

Yes my friend,

It’s time to RE-WRITE history,

Just look around Sri Lanka…

Page 34: SRI LANKA 2020

So many things are happening, that

Isn’t it high time someone got negative about negativity,

according to the pessimists should never have happened,

Page 35: SRI LANKA 2020

YES!

all that is required is Curiosity, an open mind

and a willingness to take risks

Sri Lanka CAN…

YES!!

YES!!!

Page 36: SRI LANKA 2020

Its better to light a candle than to curse the

“darkness”

Page 37: SRI LANKA 2020

Research & Development Unit ©New Story – 17-04-2009

The information contained in this presentation has been drawn from sources that we believe to be reliable. However, while we have taken reasonable care to maintain accuracy/completeness of the information, it should be noted that Commercial Bank of Ceylon PLC and/or its employees should not

be held responsible, for providing the information or for losses or damages, financial or otherwise, suffered in consequence of using such information for whatever purpose.

The views expressed in the presentation are not necessarily those of the Management of Commercial Bank of Ceylon PLC