The Board of Investment of Sri Lanka and the Board of Investment of Seychelles signed a Memorandum of Understanding at the Ministry of Investment Promotion, World Trade Center yesterday (Aug. 28).
Investment Promotion Minister Lakshman Yapa Abeywardana said Sri Lanka and the Seychelles enjoy friendly relations as island nations in the Indian Ocean. Last June, there was a state visit to the Seychelles by President Mahinda Rajapaksa.
“This MOU will lead to promoting of manpower training and create opportunities for our youth. I think this will develop cooperation in the tourism sector, which is an important industry for both our countries,” Minister Abeywardana said. “Under the MOU, both countries will assist investors by arranging field trips.”
“This visit resulted in a Sri Lankan economic presence in your beautiful country. Sri Lankan institutions such as Mihin Airlines, Nawaloka Medical Center and the Bank of Ceylon have set up branches in the Seychelles. In 2012 there was a visit of President James Michel to Sri Lanka. Our governments have entered into a number of agreements and decided to sign an MOU promoting co-operation in investment promotion, the Minister said.
This will lead to successful co-operation between the BOI and the Seychelles Investment Board. The next stage is to set up a Joint Committee that will build co-operation. “We are looking forward to develop cooperation between Sri Lanka and the Seychelles,” Minister Abeywardana added.
Seychelles Finance, Trade and Investment Minister Pierre Laporte said, “Through the MOU the two Investment Promotion Agencies will share information to develop investment.”
“It will also build relationships between investors from both countries who will identify and promote business opportunities,” Laporte said.