R&D investment crucial for global success- foreign minister

Sri Lanka’s Foreign Minister, Vijitha Herath, outlined the country’s vision to achieve a 5% growth rate in 2025 and sustain it in the years ahead.

He emphasized the need for a strong digital industry and an inclusive digital economy to drive sustainable development in key sectors like agriculture, manufacturing, tourism, and marine services.

Connectivity remains a challenge, especially in rural areas, making national and international investments crucial for advancing a digitalized economy.

Minister Herath highlighted the importance of research and development (R&D) and a secure intellectual property (IP) framework to protect and monetize innovations.

The government plans to leverage local talent and engage overseas Sri Lankans through a new program aimed at boosting exports, attracting foreign investments, and positioning Sri Lanka as an innovation hub.

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