Despite economies such as Sri Lanka taking the knowledge economy path to drive growth, heavy industries are still important, as revealed on 27 June-and the manufacturing sub sector is the biggest contributor to Lankan industrial value addition.

“Since knowledge economy is seen as “mostly digital” some people think that heavy industries are “not relevant” to the knowledge economy. In fact I stress that it is at a time like this that heavy industry sector plays the most critical role. 83% of Sri Lankan industry value addition came from the “manufacturing sub sector” said Minister of Industry and Commerce Rishad Bathiudeen on 27 June.

‘Heavy industries relevant in knowledge economy too’-Rishad
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