Dammika Perera - The Legend for the President

DHAMMIKA PERERA DOLLAR EARNING STRATEGY

Action plan to generate an additional inflow of USD8 billion per annum from 12 key strategies.
The government will not incur any additional capital investment by implementing the suggested 12 strategies.

ACTION PLAN

(1) Increase foreign currency bank deposits by USD5 billion in the next 5 years.
- Issue a 10-year residence visa for foreign citizens who would deposit USD100,000 in banks for 10 years in Sri Lanka.
- If this scheme is initiated, Sri Lanka can generate USD5 billion of foreign currency deposits.
- To achieve the target of USD5 billion in foreign currency deposits, 50,000 residence visas need to be issued in the next 5 years, each year 10,000 residence visas are to be issued.
- Thereby, foreign currency deposits of USD1 billion per annum can be secured by initiating the above scheme.
- In addition, an online application system and approval process should be in place for foreign currency bank account

(2) Extend the tourist visa validity period for 6 months to increase tourism revenue by 10%.

- Permit the issuance of six-month tourist visa instead of one-month tourist visa.
- By introducing a six-month tourist visa, the estimated tourism revenue of USD4.5 billion per annum can be increased by 10%, i.e. an additional tourism revenue of USD450 million.

(3) Current outflow of USD2.5 billion due to students studying abroad is to be reduced by 20%, which will save USD500 million. In addition, Sri Lanka can earn USD2.5 billion inflows by attracting international students.

- Currently, 35,000 new students are leaving the country for higher studies in a year. In addition, 70,000 students are already engaged in foreign universities for higher studies as 2nd or 3rd-year students.
- Since 105,000 Sri Lankan students have chosen foreign universities for their study purposes, there is a foreign currency outflow of USD2.5 billion per annum.
- To reduce USD2.5 billion outflow by 20% and to attract more international students, below actions are to be taken,

Local private higher education institutions such as NSBM, SLITT, and E-Soft are to be established with the approval of the University Grants Commission (UGC) and to be recognized as private universities in Sri Lanka.

Offer tax holidays and other incentives for new private university establishments and existing small-capacity private universities for their expansions.

Global rankings of Sri Lanka’s public universities to be improved.

Introduce an International Education Strategy to attract more international students and through the strategy to initiate a program, named “Study in Sri Lanka” to attract international students to select Sri Lanka as their higher educational hub.

A task force should be formed and targets to be given to attract 35,000 foreign students to Sri Lanka via the “Study in Sri Lanka” program. This will negate the current outflow of USD2.5 billion, which is a cause of 35,000 local students going aboard for their higher education.

- An annual saving of USD500 million can be achieved by initiating this action item.

(4) Introduce international student visas to earn foreign student fees and increase international education income

- Private higher education institutions such as NSBM, SLITT, CINEC, E-Soft, Horizon, and IIT should be allowed to enrol international students based on 3 to 4-year student visas.
- Following best practices of global student visas issued by countries such as Australia, New Zealand, Canada, the UK, and the USA, an online student visa application system should be introduced.
- Through this, 35,000 international student visas should be issued as a solution to the current outflow of USD2.5 billion from 35,000 local students studying abroad.

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Dammika Perera will be a good replacement  for Basil and POHOTTUWA crowd.

i HAVE LOT OF CONNECTION WITH Village PL NOTE THAT THE VILLAGE IS COMPLEATLY 

DIFFERENT FROM THE VILLAGE BEFORE 2020.