Sri lanka economy View - My view

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Sri lanka economy View - My view

  1. 1. The democratic socialist republic of SRILANKA<br />
  2. 2. Indian Ocean<br />Pearl of the Indian OceanCeylon , Serandib ,Thambapanni, Sinhadipa<br />
  3. 3. OUTLINE OF TROPIC<br />Sri Lanka Location, Statistic , Brief History<br />Traditional Industries Tea, Coffee, Rubber, Coconut ,<br />Current Economy Statistics <br />Challengesstrategies, Tourism industry <br />
  4. 4. COUNTRY PROFILE - STATISTICS<br />Total land is 65,610 square km <br />Size<br />Literacy rate 92.3% <br />Population 20.303 million. <br />Languages<br />Sinhalise ,Tamil ,English<br />Religons<br />Buddhist,Catholic,Hindu,Muslim <br />Hydropower fully resourced -40% of electricity<br />60% of energy from fuelwood & Fuel<br />Population Composition<br />Major Sinhalise (73.9%)<br />Tamil (18.2%), Muslim (7.2%), Others. <br />Main Industries<br />Tea ,Rubber & Cocounet Exports Aparel and light manufacturing industries<br />Text<br />Executive Prsident & Parliment<br />[Peebles,Patrick(2006)] <br />
  5. 5. COUNTRY PROFILE - STATISTICS<br />COLOMBO<br />[Francis Hult (2009)]<br />
  6. 6. HISTORY IN BRIEF<br />[Peebles,Patrick(2006)] <br />
  7. 7. 1996 world leader in tea exporting<br />World 4th largest tea producer <br />162,700 acres<br />Export since 1800’s<br />Traditional Industries Tea, Coffee<br />[Peebles,Patrick(2006)] <br />
  8. 8. AVARAGE ANNUAL CCONUT EXPORT <br />Oil Metric Ton (MT) 18049 <br />Copra Metric Ton 7383<br />Nuts: Metric Ton 20494<br />Desiccated Coconut 46975 MT<br />MPROCESS<br />[Coconut Research Institute of Sri Lanka ( 2005)]<br />Traditional IndustriesCoconut, Rice<br />
  9. 9. 4TH Largest rubber suppliers<br />MPROCESS<br />[Sri Lanka Rubber Developing Board (2011)] <br />Sri Lanka Gems are renowned all over the world for their beauty, brilliant color, clarity cut <br />Well-know natural rubber exporter <br />Traditional IndustriesRubber, Gems<br />
  10. 10. MARKETING PROCESS<br /> Current Economy<br />
  11. 11. ECONOMY - CURRENT<br /><ul><li>In 1977, country economic policies moves from its import substitution trade policy to Market oriented open economy .
  12. 12. Sri Lanka's most dynamic sectors now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking</li></ul>Composition of GDP in Sri Lanka<br />[Department of Census and statistics (2011]<br />
  13. 13. GROSS DOMASTIC PRODUCTION 1986-2009 SRI LANKA<br />8%<br />6%<br />4%<br />Presantage of GDB<br />2%<br />3.5% SriLanka<br />0%<br />2002-9<br />2000-1<br />1986-90<br />1993-6<br />[THE WORLD BANK, 2011]<br />
  14. 14. <br />PER CAPITA INCOME 2011 PER YEAR (SELECTED COUNTRIES (IN US$ )<br />[THE WORLD BANK, 2011]<br />
  15. 15. <br />[Department of Census and statistics,Sri Lanka (2011]<br />
  16. 16. <br />INTERNATIONAL TRADE [AVARAGE 2004-2010) <br />Imports USD $ 9.3 billion (2009)<br />Export USD $ 7 billion (2009)<br />[Department of Census and statistics,Sri Lanka (2011]<br />
  17. 17. DEVELOPMENT & CHALANGES <br />
  18. 18. GOVERNMENT SUPPORT<br />Strengthening and modernizing science and technology organizations with targeted development strategies and policy directions <br />Identifying strategic technology development areas and preparing the science and technology institutions for the delivery and transfer of technology <br />Developing human resources for maximum productivity in science and technology, and for its effective management <br />Building a scientific culture, promoting it application in private and public sector activity <br />
  19. 19. GOVERNMENT SUPPORT<br /> R&D and Technology development<br />22 main R&D institutes and 15 universities engage in R&D activities in the public domain<br /> Public funding contributes 67.5% of total R&D expenditure<br />- Funding agencies<br />National Science Foundation (NSF)<br />Sri Lanka Council for Agricultural Research Policy (CARP) <br />National Research Council (NRC<br />[Department of Census and statistics,Sri Lanka (2011]<br />
  20. 20. GOVERNMENT SUPPORT<br />GOVERMENT SUPPORT<br />SRILANKA INVESTERS COMMISON<br /> PROMOTION AND ENCOURAGEMENT OF INNOVATIVENESS AMONG SRILANKAN BY PROVIDING TECHNICAL,FINANCIAL AND LEGAL ASSISTANCE<br />BOARD OF INVESTMENT (BOI)<br />FACILITATE THE CREATION IN SRI LANKA OF A PLATFORM FOR COMPETITIVE VALUE ADDITION IN THE SOUTH ASIAN REGION<br />EXPORT DEVELOPMENT BOARD<br />DEVELOPING AND IMPROVING THE EXPORT PERFORMANCE OF INDUSTRIAL PRODUCTS<br />INTELLECTUAL PROPERTY OFFICE<br />TO MAKE SURE ON EFFECTIVE PROTECTION TO ECONOMIC RIGHTS OF CREATORS AND TO THEIR CREATIONS<br />INFRASTRACTURE FACILITES<br />-ICT ROAD MAP<br />
  21. 21. CHALANGES <br />OIL PRICE INCRECE <br />International energy prices may continue to be high, due to excessive demand from high growing economies<br />TRADE GAP<br />Trade gap widens with high demand for imports<br />Exchange rate will have to adjust if other inflows are not forthcoming<br />LOW EXPORT BASE<br />Exports are not yet diverse enough.<br />However, a several initiatives have begun to encourage export diversity<br />INFRASTRUCTURE<br />Idintfy the needs and correct invesment plan for infrastructure develeopment <br />POLITICAL STABALITY <br />Stable government body with long term stratagy implement plan<br />
  22. 22. Tourism industry<br />Goal is to grow and achieve Tourism revenues from total annual tourism revenues of USD 389 million in 2006 to USD 298 million in 2016.<br />[TOURISUM BOARD SRI LANKA,2011]<br />
  23. 23. TOURIST ARRIVALS TO SRI LANKA 2000 TO 2010<br />719,925<br />-Focusing for Tourism Industry .<br />-War over<br />-Development<br />-Stable of Goverment.<br />War & Political situation <br />Lack of Focus.<br />575,940<br />Arrivals <br />431,955<br />287,970<br />143,985<br />Year<br />2010<br />2007<br />2005<br />2003<br />2001<br />2000<br />[TOURISUM BOARD SRI LANKA,2011]<br />
  24. 24. SWOT ANALYSIS OF<br />TOURISOM INDUSTRY IN SRI LANKA<br />Weaknesses<br />Lack of ;<br /><ul><li> Infrastrcuter development.
  25. 25. Standed of Service sector
  26. 26. Facilites /Development.
  27. 27. Hotels not in world standed
  28. 28. Tax strucuters </li></ul>Strengths<br /><ul><li> Demand for tourisum
  29. 29. Sevaral qulity Hotels
  30. 30. The Manpower cost lower</li></ul>S<br />W<br />Opportunities<br /><ul><li> Location & Climate [Hub]
  31. 31. 2600 years History
  32. 32. Natural resources , nature loving areas
  33. 33. New Markets</li></ul>Threats<br /><ul><li>Compatitors - Developed & Developing countries in asia </li></ul> e.g Thailand, Singapore, Maldives<br /><ul><li>Political turbulence</li></ul>T<br />O<br />[International Institute of Business Analysis ( 2008)],<br />
  34. 34. HOW TO DEVELOP ? MY VIEW<br />Forign Investment<br />Production<br />Create Jobs<br />Economy <br />(Income)<br />Development<br />World Aid<br />
  35. 35. Templates<br />Conclusion<br />Your own sub headline<br /><ul><li>Economic expansion to avoid</li></ul> Low purchasing power high consumption needs<br /> Too many people doing meager tasks<br /><ul><li> Floatin rates – low reserves</li></ul> E.g- Malaysia , India, Thailand<br /><ul><li>Developoing infrastructure
  36. 36. Developing Human Capital
  37. 37. Developing Technology
  38. 38. Encouraging Research and Development (R & D)</li></ul>STRATAGY AND FOCUS PLAN FOR PRACTISE THESE AREAS FOR RAPID DEVELOPMENT FOR FUTURE STRONG ECONOMY <br />
  39. 39. <ul><li>AnjaStrehlow , (2006) Tourism in Sri Lanka the advocacy and cautionary platform point of view ,Druck und Bindung: Nordestedt,Germany
  40. 40. Coconut Research Institute of Sri Lanka ( 2005),Amount of Export Of Kernel Products [Online] last acced on 21st July 2010 athttp://www.cri.lk/pdf/tab8.pdf
  41. 41. Department of Census and statistics (2011),population,Industry,Trade[Online], Last accessed 21st July 2011 at http://www.statistics.gov.lk/page.asp?page=Income%20and%20Expenditure
  42. 42. Francis Hult (2009) ,Map of Sri Lanka [Online Image] http://ccat.sas.upenn.edu/plc/clpp/images/langmaps/sri_lanka_charts_76.jpg Last accessed 21st July 2011
  43. 43. International Institute of Business Analysis ( 2008),Business Analysis Body of Knowledge, 2nd Edition, IIBA, Ontarioj. 217-222page
  44. 44. Nanda PethiyagodaWanasundara (2002)Cultures of the world Sri Lanka, 2ndedition Marshall cavendish publishers tarrytown,NY
  45. 45. Peebles,Patrick (2006) The history of srilanka, greenwood press, America</li></ul>Reference <br />
  46. 46. <ul><li>Saman Kelegama,(2004), Economy policy in Sri Lanka , sage publications Inc , London
  47. 47. Sri Lanka Rubber Developing Board (2011), overview [online] http://www.rubberdev.gov.lk/web/index.php?lang=en Last accessed 21st July 2011
  48. 48. Sri Lanka Tourism board (2011). Sri Lanka Tourism Statistics at a Glance [Online]http://www.sltda.lk/statistics_at_a_glance Last accessed 21st July 2011.
  49. 49. The world bank (2011) 2011The world Development indicator ,development Data group the world bank, Washington
  50. 50. U.S State Government (2011) ,Background Note:Sri Lanka [Online] last accessed 21st July 2011 at http://www.state.gov/r/pa/ei/bgn/5249.htm</li></ul>Reference <br />
  51. 51. Questions & Answers<br />
  52. 52. THANK YOU<br />

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