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First national packaging bonanza for Sri Lanka SMEs

First national packaging bonanza for Sri Lanka SMEs

Sri Lankan SMEs, a key driver of the country’s GDP-are to collect a hefty packaging bonanza, the first such initiative by the state.



“Like in any other country Sri Lanka’s packaging industry too is cross-cutting. Printing and packaging are important elements in branding Sri Lanka to the global markets, especially for our SMEs striving for international markets. Realising this, the government has launched new initiatives to strengthen packaging for our SMEs recently” said the Minister of industry and Commerce Rishad Bathiudeen

He was addressing the launch of Lankapak 2018 the 37 International Packaging & Printing Exhibition in the series, continuously partnered and nurtured by the Ministry of Industry and Commerce since its inception. A strong presence of Indian packaging sector is seen at the event which will conclude on Sunday 16.

The new initiative for SMEs by the Ministry of Industry and Commerce is in two stages and involves Rs 10.3 Mn and close to 150 SMEs as beneficiaries. In the first stage around 100 SMEs were trained and equipped in packaging at a cost of Rs 6.2 Mn. In the planned next stage (2019) another 50 SMEs will be strengthened in packaging at a cost of Rs 4.5 Mn. In addition, yet another project is also being planned by the Ministry to build skills for SMEs especially for promotions and market access.

(LI NEWS)

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