Plan 2020

Southasia - - BRIEFS -

Lanka has un­veiled a Western Re­gion Megapo­lis plan to at­tain the sta­tus of a de­vel­oped coun­try by 2020. It will pro­mote eco­nomic pro­duc­tiv­ity, at­tract in­vest­ments, en­hance busi­ness op­por­tu­ni­ties and cre­ate jobs. Ap­prox­i­mately 2.1 mil­lion em­ploy­ment op­por­tu­ni­ties will be cre­ated to re­duce the over­all un­em­ploy­ment rate from 4 per cent to 2 per cent by 2020. The con­tri­bu­tion of small and medium en­ter­prises in eco­nomic de­vel­op­ment will be in­creased from 50 to 60 per cent. The plan is based on four pil­lars - so­cial equity and har­mony, eco­nomic growth and pros­per­ity, en­vi­ron­men­tal sus­tain­abil­ity and in­di­vid­ual hap­pi­ness.

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