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COYLE meets the President for entrepreneur friendly budget proposals

Sep 8, 2011 6:44:24 PM - www.ft.lk

Members of the Chamber of Young Lankan Entrepreneurs (COYLE), the vibrant forum of the new generation entrepreneurs of Sri Lanka recently met President Mahinda Rajapaksa recently to discuss various issues on the way forward plan for young Entrepreneurs and local industries to work on the Economic Development of Sri Lanka.

COYLE Deputy Chairman Wasantha de Silva presents a memento to President Mahinda Rajapaksa at the Temple Trees during the recent visit

Assurances were given by the Members that COYLE will extend the fullest support to the Presidnt in his efforts to make Sri Lanka a conducive market for business,  a great attraction for Foreign Direct Investments and a major economic hub in the Asian Region.
The meeting was held at Temple Trees where COYLE members even discussed with the President in detail on the suggestions for the new budget proposal. Lalith Weeratunga, Secretary to the President, Dr. P.B.Jayasundera, Secretary to the Treasury, and a few senior Government Officials also participated at the meeting.
COYLE said President Rajapaksa , gave a patient and attentive hearing to the proposals of the members at the meeting, which lasted over three hours. A spokesman from COYLE, expressed the gratitude of the members to him for the opportunity granted.
Entrepreneurs are the people who create wealth to the society and the nation. They are the people who add value to indigenous raw materials and human talents. They create employment opportunities and their contribution to the national economy is substantial. Economic policies conducive to promote entrepreneurs and enterprises should essentially bring positive results to the country and the public, said Nayana Dehigama, Chairman of COYLE. In highly uncertain market conditions, as individuals the challenges and risks faced by entrepreneurs in the process of wealth creation are enormous. Therefore, an entrepreneurial friendly government is necessarily a high consolation, a blessing and an encouragement for us, he added.
Established in 1999, COYLE has a membership of over 125 active members who are young entrepreneurs from different parts of the country representing almost all the industry segments. It is pertinent to mention that President Mahinda Rajapaksa was instrumental in the formation of COYLE 13 years ago, who at that time foresaw the necessity of a body to address the needs of emerging entrepreneurs and local enterprises.