Colombo Port City to focus on worldwide service-oriented brands after opening for global investors

Colombo Port City to focus on worldwide service-oriented brands after opening for global investors

The Colombo Port City (CPC) in Sri Lanka is to focus attention on establishing worldwide service-oriented brands after opening it for global investors.

This observation was made by CHEC Port City Colombo, Public Relations Head Kassapa Senarath during a media session held to create awareness on the current progress of the Port City Colombo development project.

Senarath has said the Port City is mainly focusing on setting up international hotel chains, international financial services, information technology services, International Insurance organizations, and many more international brands in order to provide services from Sri Lanka to foreign countries.

“Our main objective is to set up the Regional Headquarters of all international brands in Sri Lanka so that it will not only help our country to become the hub of all international brands but also to provide a large number of employment opportunities to our youth,” he has been quoted as saying in the state owned Daily News.

Senarath has also highlighted that local traditional exports of tea, rubber, and coconut recorded the highest foreign exchange earner in the past and this situation drastically changed after introducing the service-providing sector in 2000.

He has said that after full operations of the Colombo Port City Project, Sri Lanka’s service providing sector will further yield more fruitful results to uplift the Lankan economy.

OSL take:

The Colombo Port City project, which is one of the mega scale projects being carried out in Sri Lanka, will further expand business/investment opportunities in the island. Sri Lanka figures prominently in China’s Belt and Road Initiative and the island’s geographical positioning in the Indian Ocean, ease of doing business environment in the country and the many trade agreements as well as trade concessions enjoyed by the country have made the island a business hub in the South Asian region.  

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Article Code : VBS/AT/20200908/Z_2

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