| Popis: |
Cinnamon is the prime spice of Sri Lanka. Ceylon cinnamon is exported to over 70 countries, bringing US$ 259 million turnover to the country in 2018 from all cinnamon products. Along with the relevant state partners, the private sector leads the way forward in the cinnamon industry. Public-private partnership (PPP) is defined by various agencies in different manner, and there is no universally accepted definition for it. Literally, PPPs are long-term contractual arrangements between the public and private sectors for the delivery of public services in an efficient manner. Due to inadequacy of government and foreign funds, particularly for providing economic infrastructure, it is important to look for private sector participation for development of the cinnamon industry. Effective PPPs recognize that the public and private sectors each have certain advantages, relative to the other, in performing specific tasks. Thus, motivation for engaging in PPPs, a prerequisite for successful public-private partnership in general and unique PPP endeavors to elevate the Ceylon cinnamon subsector, are discussed in the chapter. Focusing on the challenges and opportunities in the sector, a way forward is proposed by emphasizing strategies and activities to be supported by a long-term vision and leadership of inclusive and sustainable industrial development built on a triple bottom line of sociocultural, economic, and environmental prosperity. |
