MELBN Prepares to Face the Future

MELBN Prepares to Face the Future



Before the adoption of the open economy in the late 1970s, the state played a pivotal role in Sri Lanka’s steel industry. The newly formed Jayewardene government introduced fiscal and other concessions to investors and encouraged a substantial presence of the private sector in the country’s manufacturing industry. The process was a key factor that shaped the country’s economy in the years and decades to come.

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