The Sri Lanka is a great nation with an emerging market of consumers capable to consume services. In 1977 the free market economy was introduced to the country, incorporating privatization, deregulation and the promotion of private enterprise.
While the
production and export of tea, rubber, coffee, sugar
and other commodities remain important, industrialization has increased the
importance of food processing, textiles, telecommunications and finance.
The
country's main economic sectors are tourism, tea export,
clothing, rice production and other agricultural products.
Sri Lanka's
most widely known export, Ceylon tea, is considered
by ISO the cleanest
tea in the world in terms of pesticide residues. Sri Lanka is also the world's
2nd largest exporter of tea.
Sri Lanka was the first country in the South Asian region to introduce 3G, 3.5G HSDPA, 3.75G HSUPA and 4G LTE mobile broadband Internet
technologies.
Out of the
142 countries surveyed, Sri Lanka ranked 45th in
health and primary education, 32nd in business sophistication, 42nd in
innovation, and 41st in goods market efficiency.
Sri Lanka's
road network consists of 35 A grade highways and two
Controlled-access highways (E01)and(E03). The railway network, operated by the
state-run national railway operator, Sri Lanka Railways, spans 1,447 kilometers
(900 mi). Sri Lanka also has three deep-water ports, at Colombo, Galle,
and Trincomalee, in addition to the newest port being built at Hambantota.
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