Small is beautiful

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand. An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand. TATA is one of India’s largest conglomerates with varied interest from steel to IT.


Executive Director of TATA Sons Alan Rosling addressed the “Openminds” inaugural national conference recently.


He spoke to accountants from the local branch of ACCA at the inauguration of their national conference on Thursday.


He says Sri Lanka has many advantages that should be exploited soon or else the paradise island may be squeezed dry when China steals the textile manufacturing business and India pinches the software markets and IT enabled service sectors.
ACCA Sri Lanka, a leading accounting body worldwide, organized this conference.


“I think if Sri Lanka -if you played to you strengths-you can out compete larger economies in an integrating world,” he says.


The reason for that is that larger economies have a disadvantage. Because they are large