Sri Lanka's Ministry of Industries has committed to strengthening infrastructure and removing regulatory barriers for the ink, chemical and printing materials sector, with plans to increase its export contribution from 1.5% to 3% by 2030.
The Ministry of Industries held a special advisory committee meeting on Tuesday to discuss growth strategies and operational challenges within the ink, chemical and printing materials sector. Industry and Entrepreneurship Development Minister Sunil Handunneththi announced that the government would enhance infrastructure and regulatory frameworks to support expansion in the industry, which currently accounts for 1.5% of the country's total exports.
The minister outlined an ambitious target to double the sector's export share to 3% within the next four years. According to Handunneththi, achieving this goal will require addressing legal and administrative obstacles that currently hinder industry growth. The meeting, which included Ministry Secretary Thilaka Jayasundara, senior officials, and industry representatives, produced several concrete commitments to facilitate this expansion.
Among the key decisions made, the government agreed to allocate land from the Millewa Industrial Zone for a jointly constructed waste management facility. Additionally, manufacturers seeking to expand operations will be supported with land allocations at both Millewa and Paranthan Industrial Zones. These measures are designed to provide both the infrastructure and physical space necessary for sector growth while addressing environmental concerns through improved waste disposal capabilities.
