President calls for collaboration to harness economic power in Asian region

● Envisions economic transformation for the region ● Emphasises the importance of becoming a regional logistic hub

Emphasising the need for South Asian nations to work together to harness the growing economic power in the region, President Ranil Wickremesinghe proposed a model where selective integration in certain sectors could pave the way for effective collaboration.

During the keynote address at the ‘YPO Colombo Experience: Rediscover the Pearl’ conference held on Saturday at the Shangri-la Hotel Colombo, President Ranil Wickremesinghe revealed his vision for transforming the economic landscape of the region.

The President, who held discussions with the new Maldivian President Dr. Mohamed Muizzu, on Friday (17), expressed a desire for closer collaboration between Sri Lanka and the Maldives, envisioning a unified Tourist area. Turning the spotlight on Sri Lanka’s economic plans, the President unveiled a series of proposals focused on restructuring and modernisation.

The key objectives include establishing a competitive economy, embracing digital transformation, energy transition and fostering a green economy.

The president emphasised the importance of becoming a regional logistic hub and outlined plans for promoting upmarket tourism, modernising agriculture and introducing reforms in land ownership.