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Monday, April 02, 2012 - 5.53 GMT
Chinese firm to invest USD 50 billion in H'tota Trade City


A Chinese firm is planning to invest US$ 50 billion in Hambantota Trade City Project.

Our investment can bolster up Sri Lanka's ambition to be the hub of shipping in south Asia, says a 13 member Chinese Business delegation visited Sri Lanka as a part of the overall 150 Chinese business to attend Sri Lanka Expo 2012.

We want to invest US $ 50 billion in this project, said Ms Song Jianhua adding “We had a good experience during this visit to Sri Lanka and believe the country has investment promise. We are committed to creating jobs and promote economic growth in Sri Lanka with financial strength.”

Sri Lanka now wants to run its’ successful international ‘Sri Lanka Expo’ series once in very two years. “Under the directive of President Mahinda Rajapaksa, we are now planning to host this international series once in every two years, Minister of Industry and Commerce Rishad Bathiudeen said.

The Delegation was organised by Beijing based Sino-Sri Lanka Rich Investment, led by Ms Song Jien Hua, its Chairwoman. The delegation comprised of powerful, state of the art have state-of-art technology players in fertilizer, port development, energy, petrochemistry, cement, and machinary.





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Last modified: April 02, 2012.

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