Sri Lankan Government should build Defunt and new Industries with IPO & not with Debt
Cash strapped Sri lankan Government should restart defunct government companies such as Kankasanturi cement factory,others and new industries. They should issue ordinary share voting and non voting. This would create jobs for all sri Lankans. Sri Lankan govnernment should start with collaboration with foreign companies. This would enable create more industries. Sri lanka needs vehicle manufacturing, Computer Chip production, Shipping, Commercial Aircraft engine making, Commercial aircraft making, etc. Sri Lankan government should part privatize CPC and Sri Lankan Airlines too instead of selling it to foreign Airlines, it should issue IPO and sell it to Sri lankan only. National Assets should not be sold to foreigners but to SrI Lankan at large.
Even Limited and successful partenership companies which have been running for 10 years or more should be made public company. This would increase the size of the organization.Big firms are highly successful and hard to fail.
The government should remove lot of unnecessary red tape for industries. It should remove vat and duty for products exported. It should introduce Free Trade Zones and not export processing zones. Cheaper products will increase profits. Higher corporate taxes can be charged on these firms.
Business is where there are more transaction takes place. In Sri Lanka property is not sold easiy because of stamp duty for percentage of sale price. That is why property prices are quoted lower because there is not much sales taking place. Government should not make criminal out of ordinary people. It shoud remove this and put a fee for transaction. This will increase trasaction and people will not hold property for generations. This will increase revenue for government. Honesty will increase.
Cash strapped Sri lankan Government should restart defunct government companies such as Kankasanturi cement factory,others and new industries. They should issue ordinary share voting and non voting. This would create jobs for all sri Lankans. Sri Lankan govnernment should start with collaboration with foreign companies. This would enable create more industries. Sri lanka needs vehicle manufacturing, Computer Chip production, Shipping, Commercial Aircraft engine making, Commercial aircraft making, etc. Sri Lankan government should part privatize CPC and Sri Lankan Airlines too instead of selling it to foreign Airlines, it should issue IPO and sell it to Sri lankan only. National Assets should not be sold to foreigners but to SrI Lankan at large.
Even Limited and successful partenership companies which have been running for 10 years or more should be made public company. This would increase the size of the organization.Big firms are highly successful and hard to fail.
The government should remove lot of unnecessary red tape for industries. It should remove vat and duty for products exported. It should introduce Free Trade Zones and not export processing zones. Cheaper products will increase profits. Higher corporate taxes can be charged on these firms.
Business is where there are more transaction takes place. In Sri Lanka property is not sold easiy because of stamp duty for percentage of sale price. That is why property prices are quoted lower because there is not much sales taking place. Government should not make criminal out of ordinary people. It shoud remove this and put a fee for transaction. This will increase trasaction and people will not hold property for generations. This will increase revenue for government. Honesty will increase.
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