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“Sri Lanka is a beautiful, safe and clean country with considerable opportunities for development”

Sat10202018

Last update5:56:13 UTC 2018


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“Sri Lanka is a beautiful, safe and clean country with considerable opportunities for development”

Chinese Delegation

BOI chairman Dr. Lakshman Jayaweera and senior officials of the Board met with representatives of the local government of Zhonshan, an important Cityin China’s Guangdongprovince as well as entrepreneurs from that city.

 

The visiting delegation consisted of Mr. Cen Hongkai, Vice secretary general of the Zhongshan Municipal people’s Government, Mr. Richard Liu, Deputy director General of the Zhongshan Bureau of Foreign Trade & Economic Cooperation and four representatives of companies from the province.

 

Assisting the BOI Chairman wereDilipS.Samarasinghe, Director (Media & Publicity), MsNilupul de Silva, Director (Promotion) and MsKumudhiniRatnaweera, Deputy Director (Promotion). Also associated at the discussions were members of the Sri Lanka- China friendship Society

 

Zhongshanis best known in China as the birthplace of Dr. Sun Yatsen, the founder of the Chinese Republic.  It is today a major logistics centre in China which serves as a hub thanks to its many bonded warehouses.  The city is also reputed for many Chinese brands that have developed there.

 

The BOI Chairman briefed the visiting delegation on Sri Lanka’s orientationin investment, notablythefocus on the manufacturing sector.  He also stated that Sri Lanka main strengths are an excellent geographic location anda very business friendly environment. The visitors were assured of the Board’s support should they wish to invest in the country.

 

The BOI Chairman also, described new infrastructure development such as a 12,000 acres Export Processing Zone at Anuradhapura which will add to the existing capacity of the 12 Zones of the BOI and the new ones at Mirijjavila and Sooriyaweva.

 

Another groundbreaking project will be the Colombo Port City which is an ambitious BOI project, whereby 600 acres of land will be reclaimed from the sea near Colombo Harbour.

 

The site will be used to build a futuristic business district.    This will help Colombo emerge as a vibrant business centre as planned in the Mahinda Chintana, the Government’s economic and social blueprint.  Dr. Jayaweera also added that Sri  Lanka is currently developing hub type operations,signifying that the country has in place a free port regime. Sri Lanka can aspire In the future develop on the linesof Singapore and other East Asian nations.

 

These hub operations will benefit considerably from  the Free Trade Agreement that Sri Lanka will enter into with China in 2014.  When combined with the existing Free Trade Agreements that currently exist between Sri Lanka and India and with Pakistan the hub operation will be greatly strengthened by this expanded market access into leading Asian economies.

 

One industry that is likelytotake off thanks to his hub type operation is the manufacture of electrical and electronic products.

 

The leader of the Chinese delegation Mr. Cen Hongkai, Vice Secretary General of theZhongshan Municipal people’s Government expressed confidence in the possibility for exchanges between his City and Sri Lanka.

 

He stated “Zhongshang has a GDP of US$43 Billion, in an area of 5OO Square Kilometers and a per Capita income of US$ 14,000.  The main industries, which have a potential for foreign investment include electronics, electrical appliances and furniture manufacture.  In addition due to its very high standards, the Chinese Government has awarded Zhongshang theprestigious prize of National Civilized City.”

 

Mr. Cen also said “Zhongshang is the home of 23 enterprises and some of these Companies, which are represented at this meeting today, have expressed interest in investing in Sri Lanka.  Let me stress that these are enterprises which have exports which are more than US$ 1billion.”  

 

Mr. Cen invited the BOI to participate this at the Zhongshong Trade Fair held this year He concluded with his impressions of Sri Lanka,“Sri Lanka is a beautiful, safe and clean country with considerable opportunities for development and investment”.

 

Business


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