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12 CERTIFIED MANAGEMENT ACCOUNTANT

Almost all the industries are human-
intense like the garment industry
and need support. Even running the
Industries Ministry, which is still not
properly automated, needs support.
When asking people to work from
home, required facilities like equipment
should be provided. We have many
resources and must be properly
identified and used for the best
advantage of the industry.

Sri Lanka must be ready to transform
to a knowledge based industrial nation
from resource based one, in this
era of industry 4IR (fourth Industrial
revolution). Our tertiary education
system must be overhauled as a
matter of urgency to prepare our young
generation for this evolution.

Sri Lanka is ranked 90th in
entrepreneurship index (2018).
Enterprise is crucial to economic
growth. Without entrepreneurship there
will be no innovation, development,
and employment creation. Educational
institutions must spur entrepreneurship
among our youth and mould them to
become “employment generators”
and not “employment seekers”. Only
then we can achieve the true potential
of youth and get them to meaningfully
contribute to the nation building.

The supply chain management system
is still not properly identified in the We are also developing plans to assume that the government will form
public sector. We still don’t have all the formulate a National Industrial Policy. a national policy by then.
statistics relating to all the industries Our Minister has taken the initiative
in our ministry. The technology is so and has appointed a board in January Conclusion
developed that it is possible to have 2020 to do it. It is still in draft form
such information in a centralised and discussions are still underway. It is important to consider the nature
database. The pandemic has enabled It’s difficult to get all the people at one of the environment of the State
us to fast-track our development. sitting and there’s a vast diversity of sector institutions and the purpose
Some of our staff are working only one opinion among them. But I have taken of inducting a military officer to lead
day week and work from home on the steps to get everybody into one table a state institution. The objective of
other days. These facilities must be and finalise this within the next three substituting a civil state officer with a
provided to staff everywhere if they months and there will be one clear military officer at a state institution is to
are asked to work from home due to policy soon. However, I must state drive change, deliver on deadlines and
the pandemic. But the proper financial quite categorically that just one ministry sustain efficient processes.
allocations to provide the facilities to having a policy wouldn’t be productive
work from home should be provided with another nearly thirty ministries Even though a military leader will
by the government. So, at this time, the not having policies. All the ministries be seen with suspicion and mistrust
government needs to re-allocate the should be given the task of developing initially, this needs to be surmounted
finances to the government ministries. their own policy which should then be through building trust by relating to
The concerned authorities must sit and integrated into one central point. If we each individual stakeholder. He needs
discuss how to allocate finances by could achieve it in one or two years, we to prove that he is an asset and not a
reducing finances in some other less could have one single national policy. threat by attaining missions by carrying
important areas. We are trying to set the trend and a greater share of the burden.

www.cma-srilanka.org | Volume 06 - No. 2 - September 2021