The Board of Investment (BOI) of Sri Lanka conducted a series of events in Singapore in collaboration with Mizuho Bank which had signed a MOU recently with BOI to promote Japanese investment into Sri Lanka. Keizo Tsuchiya, Japanese International Cooperation Agency (JICA) Advisor initiated this investment promotion mission. Eran Wickramaratne, Deputy Minister of Highways, Higher Education and Investment Promotion led the BOI delegation to Singapore recently participate events aiming at promoting Singaporean investment including from Singapore based enterprises.
The Government’s vision is to accelerate Sri Lanka as a Logistics and Maritime hub in Asia. Sri Lanka is now well positioned with a developed infrastructure to promote investment in the logistics trade such as center port trade, offshore business, front-end services, headquarters operations and logistics services. In order to attract more Japanese investment into Sri Lanka “The Logistic Services Study Group” (LSSG) was set up by the JICA advisor prior to this mission. This LSSG comprised of logistics giants such as SAGAWA, YUSEN Logistics and NIPPON Express.
In addition the BOI, JICA and JETRO are also represented in the study group. “The main objective of this mission was to convince Japanese companies which are in the logistics trade in Singapore by inviting them to invest in Sri Lanka” said Mr. Tsuchiya. “The study group will study the best practices of warehousing, minor processing and offshore business in the region” he further stated.
Eran Wickramaratne participated at several investment promotions events organized in Singapore set up by Mizuho Bank Ltd at Westin Hotel followed by networking sessions arranged by Fujitec Logistics, Toshiba Company, Japanese Chamber of Commerce (Singapore Branch) B.P. de Silva Group and Altair – Iconic Development in Colombo, Sri Lanka.
The Deputy Minister also had the opportunity to meet several Singaporean Investors and Sri Lankan Investors based in Singapore.
Members of the delegation from BOI comprised of Mrs. Renuka Weerakoon, Executive Director, Mahinda Ramanayake, Director (Investor Services), Manilal Ranasinghe, Deputy Director/Desk Officer for Singapore and Keizo Tsuchiya, Advisor for Investment Promotion from Japan.