BRICS CCI

IINVESTMENT OPPORTUNITIES IN SRI LANKA

Posted on 2017-04-26 1:19:18 by brics

BRICS CHAMBER OF COMMERCE AND INDUSTRY organised a seminar on investment opportunities in Sri Lanka at HIGH COMMISSION OF SRI LANKA. The agenda behind the seminar was to look up for the investment opportunities in various sectors of Sri Lanka. The major topics of discussion were:


  • Why Sri Lanka
  • General economic situation of Sri Lanka
  • Infrastructure and access
  • Where to invest
  • Export performance
  • Preferential access to key markets
  • Preferential access to Indian market
  • Key exports

The opening remarks by H.E. Mrs. Chitranganee Wagiswara, High Commissioner kick start the session. She recounted the available opportunities and friendly relations between Sri Lanka and India. Also BOP account of Sri Lanka shows favourable balance towards India. The highest number of tourists to Sri Lanka are from India. She mentioned about top Sri Lankan companies namely Brandix, Mclarens Holdings, etc. Very precisely she talked on the economy of Sri Lanka that is mainly service oriented and anticipating Sri Lanka to get along with BRICS nations via BRICS Chamber of Commerce and Industry.

Dr. BBL Madhukar, Secretary General of BRICS-CCI gave a speech highlighting the importance of investment in Sri Lanka. He intimated that India being a self reliant nation can either export or even set up some food processing units in Sri Lanka which imports most of the food items. Sri Lanka being the centre of world’s busiest sea routes can help India to connect with many other countries like Singapore.

Sumedha Ponnamperuma, Minister Counsellor (Commercial), Sri Lanka High Commission addressed the gathering. He ascertained about the key export goods namely Garments, Rubber, Ship building, Sri Lankan Gems, Ceylon Tea, Ceylon Cinnamon, Fish exports and services namely value added logistic service and IT/BPO. He enlisted the pros of investing in Sri Lanka because of its connectivity, infrastructure & access, ease in doing business, educated workforce, quality of life, an open economy, technology and innovation. The potential areas of investment includes Logistics, Real estate, Infrastructure, Tourism, IT/BPM, Agriculture and fisheries, Education and Export manufacturing. He even stated that Sri Lanka is producing an electric car that is capable of reaching 60mph in mere 3.6 seconds.

This was followed by Q & A session. H.E. Mrs. Chitranganee Wagiswara expressed her gratitude towards attendees for their patient hearing and being a part of this seminar.


 

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