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Tuesday, July 07, 2009 - 10.05 GMT |
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Sri Lanka -
good opportunity for Indonesian investors |
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The
government
of Sri
Lanka,
is
inviting
Indonesian
investors
to have
a wide
look at
new
investment
opportunities
in Sri
Lanka,
particularly
in the
North
and the
East of
the
country,
where
the
additional
land
area and
sea
coast
has been
regained
after
the war,
said
Senior
Presidential
Advisor
Mr.
Basil
Rajapaksa
at the
Investment
and
Business
Seminar
jointly
organized
by the
Sri
Lanka
Embassy
in
Jakarta
and the
Chamber
of
Commerce
and
Industry
of
Indonesia.
He also
mentioned
that the
Government
is keen
to win
the
hearts
and
minds of
the
people
of the
Northern
Province
through
economic
reconstruction
and
rehabilitation
for
which
foreign
investment
is
substantially
required.
Mr.
Rajapaksa
specifically
mentioned
that the
Constitution
of Sri
Lanka
and the
BOI
Agreement
sufficiently
protects
the
interests
of the
foreign
investors
so that
any
change
in
government
or
budgetary
proposals
would
not
affect
the
concessions
and the
incentives
granted
to the
foreign
investors.
With
regard
to
investment
opportunities
in
specific
sectors,
he
highlighted
manufacturing
of
textile
fabric
for the
apparel
industry
in Sri
Lanka
and also
for the
uniforms
of
school
children.
It was
also
pointed
out by
him with
the
large
extents
of land
available
in the
North
and the
East of
Sri
Lanka,
commercial
scale
agriculture
based on
out-grower
system
is
highly
recommended.
"There
is a
scope
for
increasing
the two
way
trade
and
investment
between
the two
countries
in the
wake of
the
cessation
of the
30 year
war,"
said
Vice
Chairman
of the
Chamber
of
Commerce
of
Indonesia,
Mr. Paul
Mukundan.
Mr.
Dhammika
Perera,
Chairman,
BOI,
highlighted
the
preferential
market
access
Sri
Lanka
has to
India
and
Pakistan
under
the Free
Trade
Agreements
and also
access
to
European
Union
through
GSP+
scheme.
He also
explained
that
despite
global
economic
recession,
Sri
Lanka
has
managed
to
achieve
a growth
rate of
6% last
year and
also
successfully
attracted
foreign
direct
investment
of USD
889
million.
He
identified
investments
in
health
care,
higher
education,
shopping
and
residential
apartment
complexes,
rubber
tyres &
auto
components,
agriculture
and food
processing
as most
promising
sectors
for
foreign
investors
in Sri
Lanka.
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