Business

Presidential Export Awards Ceremony this December

The Sri Lanka Export Development Board (EDB) is set to conduct the 24th Presidential Export Awards ceremony for the financial years 2019/20 and 2020/21 on 26 November 2021.

The awards ceremony is to be held at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of President Gotabaya Rajapaksa.

EDB Chairman and Chief Executive Suresh D. de Mel said that this year’s awards are to be presented in two main categories with 12 overall awards, as well as 53 sectoral awards for products and services for each financial year.

Accordingly, overall awards such as “Best Exporter in Product Diversification”, “Best Value-Added Exporter of the Year”, “Best Performing Exporter in Emerging Markets”, and “Emerging Exporter of the Year”, as well as new sectoral awards compared to last year were introduced.

The selection of the “Best Exporter” for the Product and Services Sector Awards is more competitive, as it evaluates not only export earnings but also several other criteria such as value addition for exports, employment creation, market diversification, and growth of export earnings.

In line with the new government policy framework, the EDB has implemented new strategies to expand Sri Lanka’s exports by introducing new markets (market diversification), innovative products (product diversification), and adding value to existing products. New overall awards and sectoral awards have been introduced by reviewing the Presidential Export Awards presented over the past few years.

De Mel highlighted the significance of this year’s awards ceremony, as it will be held to recognise the country’s best exporters for the 2019/20 and 2020/21 financial years.

In selecting the awardees for the financial year 2020/21, the efforts made by the exporters to remain in the export sector under the Covid-19 pandemic situation will also be appreciated.