CB Chief tells lending institutions to fund country’s IT sector

... considers Pallekele ideal for IT village


by Cyril Wimalasurendre

KANDY – Information Technology (IT) education in Sri Lanka was fast expanding. It was an area that the money lending institutions could take an interest in to provide assistance, Central Bank Governor Arjuna Mahendran told a meeting attended by political leadership, money lending organisations including banks, finance companies, leasing agencies etc. in the Central Province.

The meeting was held at the Central Province Governor’s Secretariat on Thursday (05).

Enough land was available in Pallekele, where they could start an IT (Information Technology) village, Governor Arjuna Mahendran said.

Land issue was a subject that should be given consideration and the lands and the lending agencies should consider equipping entrepreneurs, Mahendran said, asking the lenders to help not only big-time businessmen and industries but also others.

The Central Bank Chief said there was a need to open Central Bank’s branches in Kandy and Nuwara Eliya like the branch in Matale.

There was a demand for investment in water projects, but there was no interest in projects like Sewerage disposal. It was an area that should be given priority, he added.

 Governor Central Province Surangani Ellawala, Chief Minister Sarath Ekanayake, Director Central Bank Rupasinghe, Chief Secretary Central Province Sarath Premawansa were among those who addressed the meeting.

 The Governor also inspected a mini exhibition of handicrafts by local industrialist of the Kandy district organised under the patronage of Secretary Provincial Ministry of Industries Kumudu Karunaratne.

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