Sri Lanka, April 21 -- Sri Lanka is restructuring its SME sector by consolidating agencies into a new Industrial Transformation and Innovation Authority (ITIA) to foster a cohesive, export-oriented ecosystem, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development told the American Chamber of Commerce of Sri Lanka (AmCham) CEO Forum 2026 held in Colombo recently.Sri Lanka exports

The ITIA will be enacted this year and established by 2027. The initiative aims to address critical gaps in financial literacy, capital access and ease of doing business, targeting a $36 billion export goal by 2030 through enhanced, long-term industrial transformation, Delivering the keynote speech, he highlighted that while Sri Lank...