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11 companies receive National Export Strategy Assistance

July 17, 2018 1:07 am

Eleven companies have been awarded with grant certificates worth $1.7m under National Export Strategy Assistance.

Trade Minister Faiyaz Koya while presenting the certificates says these grant disbursement are attest to the 12-year partnership that government and NES have forged.

He adds the 11 companies will utilize the grant to assist in the upgrading of infrastructure and procurement of machines and equipment.

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“The strategy was established with a purpose to achieve sustainable economic growth by encouraging competition and value and value addition and export diversification in areas where we have competitive advantage.”

Koya says NES is a result oriented based initiative and is set to encourage diversification and add value to exports.

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