Sri Lanka Consolidated Acts

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Industrial Development Act (No. 36 of 1969) - Sect 15

Objects of the Board

15. The objects of the Board shall be:-
(a) to assist in the encouragement, promotion and development of industries in Ceylon;
(b) to assist in the proper co-ordination and in the inter-related growth of all industrial under- takings in the private and public sectors of the economy of the country;
(c) to foster industrial research with the object of utilizing the natural resources of Ceylon, improving the technical processes and methods used in industries and developing appropriate technologies and equipment for local industries, and discovering processes and methods for the better utilization of waste products;
(d) to foster the export of local industrial products to overseas markets;
(e) to assist in such measures in the field of inter- national trade and regional co-operation as are necessary or conducive to industrial development;
(f) to provide for services and facilities of every description required by or in connection with any industrial undertaking or industrial establishment in Ceylon, including the provision of capital, credit, marketing, managerial, technical facilities and legal advice :
(g) to advise on matters relating to the promotion and development of industries in Ceylon: and
(h) to take all such measures as may be necessary for, or conducive to, the attainment of the objects specified in this section.


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