Srilanka, June 1 -- The Government is taking proactive measures to reduce the manufacturing cost incurred by companies in running their businesses in the country, said Industries and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe.

He said the cost of manufacturing had increased tremendously over the past few years which the Government has a good understanding about as it aims at creating a manufacturing economy. The base of it is the cost of energy, transportation and infrastructure which is high compared to other countries.

We have seen these costs coming down since 2023/24.

However, he said it is difficult to grant ad hoc benefits to certain entities to meet their operational cost while the IMF program is under ...