13. Objectives of the Authority

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The objectives of the Authority shall be to :—

(a)

stimulate the growth, expansion and development of Sri Lanka's economy by encouraging, promoting and facilitating small and medium enterprise development within Sri Lanka ;

(b)

stimulate and encorage the establishment and operation outside Sri Lanka of enterprises designed with a view to internationalize domestic enterpises capable of penetrating foreign markets for the fulfillment of the objectives of this Act ;

(c)

formulate policies, plans, promotional incentives appropriately desiged and effectively support and promote trade and development in industry and agriculture ;

(d)

empowerment of people of human capital development with technical skills as an integral component of enterprise development ;

(e)

develop infrastructure facilities required to meet the development needs ;

(f)

facilitate the access of entrepreneurs to finances required for enterprise development and operation ;

(g)

establish a Technology Development Fund to promote research and development in connection with product development, technological enhancement and commercialization of patents ;and

(h)

facilitate regional economic development.

Read on from s 14

13. Objectives of the Authority

Schedules