Ranil Wickremesinghe criticizes the NPP government for failing to secure significant Adani investments, warning of a critical economic setback for Sri Lanka. He emphasizes the importance of Indian investments for future growth and calls for necessary reforms to build a robust economy. Additionally, a recent report highlights that one in three Sri Lankan adolescents are not attending school, revealing concerning health issues among the youth.
Former President Ranil Wickremesinghe has expressed his concerns regarding Sri Lanka’s stagnation in attracting substantial foreign investments, particularly emphasizing the critical significance of the stalled USD 700 million Adani project. Wickremesinghe highlighted that additional developmental initiatives in Trincomalee could have potentially injected another USD 400-500 million, amounting to over a billion dollars in lost investments.
During a recent appearance on Ada Derana’s current affairs programme, ‘@Hydepark’, Wickremesinghe conveyed his disappointment with Sri Lanka’s ambiguous position on these projects and their alignment with the 2023 Indo-Sri Lanka Vision Document. He indicated that the uncertainty surrounding these investments could adversely affect Sri Lanka’s economic relations with India and deter future investors.
He cautioned that establishing trust with Indian investors is crucial, as a strong Indian investment presence could encourage additional foreign investments. Wickremesinghe stated that fostering growth requires collaboration with other nations and creating a welcoming atmosphere for international investors.
While recognizing the current stabilization of Sri Lanka’s economy, Wickremesinghe reiterated the necessity of implementing long-term reforms. He urged for substantial changes, asserting that Sri Lanka should aspire to develop a trillion-dollar economy instead of remaining in a state of poverty.
Furthermore, the Global School-Based Student Health Survey reported that nearly one-third of Sri Lanka’s adolescents, approximately 3.5 million individuals aged 10 to 19, are currently out of school. The survey noted concerning trends in adolescent health, such as alcohol consumption, poor dietary habits, and significant rates of underweight and overweight classifications among students.
In conclusion, Ranil Wickremesinghe’s remarks shed light on the pressing issue of foreign investment stagnation in Sri Lanka, particularly highlighting the ramifications of the Adani project delays. The discussion emphasizes the need for stronger economic ties with India and the implementation of comprehensive reforms to foster a conducive environment for foreign investment, facilitating long-term economic growth. The critical health challenges faced by Sri Lankan adolescents also highlight the need for awareness and proactive policies to support youth well-being.
Original Source: island.lk
