13. Objectives of the Authority

The objectives of the Authority shall be to :—

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

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 ;

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

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

develop infrastructure facilities required to meet the development needs ;

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

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

facilitate regional economic development.