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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 973

Wegapitiya clinches the National Sri Lankan Entrepreneur of the Year 2005 award

By Quintus Perera – Asian Tribune

Colombo, 10 December, (Asiantribune.com): The highest national level recognition for the local entrepreneurship talent, The Sri Lankan Entrepreneur of the year Awards, organized by the Federation of Chambers of Commerce and Industry of Sri Lanka was concluded at the BMICH last week with W K H Wegapitiya, Chairman Laughfs Holdings Ltd Clinching the Sri Lankan National Entrepreneur of the Year 2006 – Platinum Award.

The National Gold award for the Entrepreneur of the Year 2006 was won by Samantha Kumarasinghe, Chairman, Multichemi Group of Companies.

Jubillant W K H Wegapitiya, Chairman, Laughfs Holdings Ltd holds the trohpy high after he was adjudged the Sri Lanka National Entrepreneur of the Year 2006 - Platinum Award by the Federation of Chambers of Commerce and Industry of Sri Lanka., while Dr Ravi Liyanage, Chairman, Kingdom of Raigam (previous Platinum winner) who presented the award, Tore Hattrem, Norwegian Ambassador in Sri Lanka, Chief Guest and Nawaz Rajabdeen, President, FCCISL look on.Jubillant W K H Wegapitiya, Chairman, Laughfs Holdings Ltd holds the trohpy high after he was adjudged the Sri Lanka National Entrepreneur of the Year 2006 - Platinum Award by the Federation of Chambers of Commerce and Industry of Sri Lanka., while Dr Ravi Liyanage, Chairman, Kingdom of Raigam (previous Platinum winner) who presented the award, Tore Hattrem, Norwegian Ambassador in Sri Lanka, Chief Guest and Nawaz Rajabdeen, President, FCCISL look on.Chief Guest at the occasion, Tore Hattrem, Ambassador of Norway in Sri Lanka speaking said that Entrepreneurs have a crucial role to play in Sri Lanka as economic growth is decisive for the country’s development. He said that they provide larger tax revenues and in turn the tax monies were spent on essential and valuable national efforts such as health and education.

He said that an entrepreneur was someone who saw opportunities that others might not see and who mobilized resources to create something new. He said that entrepreneurs were often at the heart of history’s great advances and were one of the world’s most important catalysts for economic growth. He said that entrepreneurs help reduce poverty by creating jobs and raising incomes.

He said the entrepreneurs additionally were the cornerstones in helping the country to move away from aid dependence and to avoid getting entangled in debt burdens with a heavy toll on the national economy.

Hattrem also took the opportunity to thank the entrepreneurs in Norway for their foresightedness in the hydropower and off-shore technology who laid the foundation to their current economy.

Nawaz Rajabdeen, President, FCCISL said that while it was satisfying for individuals and organizations to be recognized in any sphere of life, in this case of recognizing the entrepreneurs was a reflection of the genuine appreciation of their contribution towards socio-economic advancement of the country of the country.

He said that this genuine appreciation would be a significant morale booster to all those connected to industry and commerce. He said that they have been hosting the Entrepreneur Award Scheme for the last 12 consecutive years, and they took pride for pioneering the event, while others subsequently followed them.

He said that their Entrepreneurship Award Scheme has several unique characteristics such as wide coverage nationwide and the day’s national awards were preceded by the provincial awards. Through these island-wide Entrepreneur Competitions, FCCISL aimed to promote industrial and entrepreneurial growth in the whole country. He said that they also honoured the Women Entrepreneurs and also who have built up their enterprise over the ruins of Tsunami.

- Asian Tribune -

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