The new government intends to put in place a framework to ensure that confidence will return and business will be able to operate without political interference, said Highways, Higher Education and Investment Promotion Deputy Minister Eran Wickramaratne.
Delivering the keynote address at an Investment Seminar held in Singapore on February 13, Deputy Minister Wickramaratne emphasized that future economic growth will be driven by foreign direct investment.
He pointed out that Sri Lanka has many skilled people in the areas of technology and that Sri Lanka was open to other areas of investment as well. The Deputy Minister said the new government will continue some of the projects, particularly roads and highways, and that the only difference will be that the government will be doing business in a transparent way.
During his visit, Deputy Minister Wickramaratne attended a high profile business meeting with members of the Chinese Chamber of Commerce organised by the Sri Lanka High Commission in Singapore. The participants expressed their keenness in investing in Sri Lanka in the near future in Logistics and Process Outsourcing Services, Real Estate, Technology Investment, Apparel Manufacturing, Construction, Engineering Industry, Infrastructure, Agriculture MICE Tourism and Retail Industries.
Acting High Commissioner Vipulatheja Wishwanath Aponsu and Second Secretary Redha Mallikarachchi also participated in the meeting.
The Deputy Minister attended several investment promotion events organized by Mizuho Bank Ltdat Westin Hotel followed by networking sessions arranged by APL Logistics, Toshiba Company, Japanese Chamber of Commerce (Singapore Branch) B.P. De Silva Group and Altair - Iconic Development in Colombo, Sri Lanka, during which he met several Singaporean investors and Sri Lankan investors based in Singapore.
a delegation will leave for Singapore to participate in a series of events from February 11 to 14 aiming at promoting Singaporean investment in Sri Lanka, organized by the Board of Investment (BOI) of Sri Lanka in collaboration with the Bank of Mizuho, Singapore.
The other members of the delegation from the BOI included Renuka Weerakoon, Executive Director, Mahinda Ramanayake, Director (Investor Services) and Manilal Ranasinghe, Deputy Director/Desk Officer for Singapore.
From Daily News : http://www.dailynews.lk/?q=local/future-economic-growth-will-be-driven-foreign-direct-investment-eran
