Though the mindset of entrepreneurs in the North is positively changing to engage in more economic activities, the Tamil Diaspora is still in two minds whether to invest or not, said Dean, Department of Economics, University of Colombo, Dr. M. Ganeshamoorthy.
He was speaking at the first Tamilpreneur event hosted by digital PR agency, GoodPR to celebrate diversity, promote inclusivity and foster collective growth within the Tamil-speaking business community at Hatch Works, Colombo. He said Sri Lanka’s top political leaders must give a strong assurance to the Diaspora that their investments in the North and the East would be offered tax concessions and other benefits given to investors in the South. A strong pledge should also be given that even in the event of a change of Government investments made by the Diaspora in the North would be safe.
“This message should be emphasised when political leaders address international events/forums and engage with political leaders of other countries,” Ganeshamoorthy said. He said that local investment is improving in the North as the country’s economic situation is improving. He said that 2018 was a good year for the economy where most of the economic indicators recorded an upward trend but sadly they dipped after that due to a series of negative events.
“However, we are pleased to see that these economic indicators are again on an upward trend from mid last year.” In 2018, Sri Lanka’s Per capita GDP was USD 4,361 and the co.
