The UNP has called on the government to reduce the high utility prices and the number of holidays for a year in order to attract foreign investments.
UNP parliamentarian Ravi Karunanayake speaking during the committee stage debate on the Economic Development Ministry’s allocations yesterday (1) , said that the number of working days for a year in Sri Lanka is 277.
He said that the number of working days in India stood at 301 days per year.
He noted that investors would think twice before deciding on investing in Sri Lanka in such a backdrop.
Karunanayake called on the authorities to correct such shortcomings in the system to lure more foreign investors.
The MP also noted that while Sri Lanka has to increase export trades, high electricity and water prices would add up to the production costs.
Karunanayake said that it would be difficult for Sri Lanka to compete with other countries in the world market.