Finnish Minister says growing Sri Lankan economy presents an attractive investment opportunity to Finnish investors

Finnish Minister says growing Sri Lankan economy presents an attractive investment opportunity to Finnish investors

Finnish Deputy Minister of Economic Affairs and Development Petri Peltonen has reportedly said that the growing Sri Lankan economy presents an attractive investment opportunity to Finnish investors.
Peltonen has told the Daily FT in an interview that there are investment opportunities with different avenues for partnership in the future.
Appreciating the country’s growing and stable economy, the visiting Deputy Minister has said the geographical location is also another attractive feature to lure in new foreign investment to Sri Lanka.
“The Sri Lankan economy is very interesting, it’s growing, Sri Lanka’s location as a hub, not only to do business here but also to access the South Indian and South Asian markets is an interesting opportunity to the Finnish companies,” Peltonen has told the Daily FT.
“This coupled with a growing and more stable economy are two good reasons to consider Sri Lanka for investments.”
Peltonen has also said that the skilled labour force with a good command of English available in the country is also positive factors working to Sri Lanka’s advantage.
The Deputy Minister is on a three-day visit, leading a delegation comprising of public and private sector representatives and focused on forming new partnerships to exchange expertise on a number of key areas, including health, education and digitalization as well energy generation.
“We have commenced a new era of partnership between the two countries, the economic and business cooperation is now the driving force,” he has said, speaking of the renewed ties between the two countries since Prime Minister Ranil Wickremesinghe’s visit last year.

OSL take:

The comments by the Finnish Minister would encourage Finnish businesses/investors to explore business/investment opportunities in Sri Lanka. It also indicates that the economic policies of the Sri Lankan government have resulted in developing business confidence in the country’s economy. As pointed out by the Minister, Sri Lanka’s location as a hub to access the South Indian and South Asian markets is an interesting opportunity Finnish as well as other foreign businesses.

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Article Code : VBS/AT/20180614/Z_2

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