President Anura Kumara Dissanayake met this morning with leading investors and industrialists from Sri Lanka’s information technology, electrical, and electronics sectors at the Presidential Secretariat in Colombo.

During the discussion, the President stressed the need for Sri Lanka to achieve sustained annual economic growth of 7–8 percent in the coming years, identifying the IT, electrical, and electronics industries as key drivers of that expansion.

He invited industry leaders to collaborate closely with the Government and submit proposals aimed at developing these sectors, along with detailed reports outlining current operational and structural challenges.

The President also revealed that the Government intends to allocate approximately Rs. 2 trillion in capital expenditure next year, as part of broader efforts to accelerate national economic development and strengthen infrastructure.

Emphasizing the importance of exports in addressing foreign exchange needs, the President sought feedback from industry representatives on how the IT, electrical, and electronics sectors could further contribute to improving Sri Lanka’s export earnings and foreign currency inflows.

Industry participants highlighted strong growth potential, noting that Sri Lanka’s IT sector—currently the country’s third-largest export revenue generator—could scale up to US$5 billion in annual earnings. The electrical and electronics sector, which currently generates around US$500 million, was identified as having the potential to expand to US$2 billion with appropriate policy support and investment facilitation.

The President also discussed potential government measures and policy frameworks that could help unlock this growth, including improved investment conditions, targeted incentives, and stronger public–private collaboration.

The meeting concluded with a mutual commitment to strengthen partnerships between the Government and the private sector to accelerate export-led economic growth and position Sri Lanka as a competitive hub for technology and advanced manufacturing.