German business delegation discuss opportunities in Sri Lanka - Opportunity Sri Lanka
German business delegation discuss opportunities in Sri Lanka

German business delegation discuss opportunities in Sri Lanka

The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) has reportedly organised a CEO-Dinner in the presence of Sri Lanka’s State Minister Keheliya Rambukwella, German Ambassador in Sri Lanka Jörn Rohde, Dr. Stephan Hesselmann, Head of Unit Transport Policy and Mobility Concepts of the German Ministry of Economic Affairs and Energy and 16 top decision makers of the German companies in Sri Lanka.
As the official host and moderator of the evening, Chief Delegate of German Industry and Commerce in Sri Lanka Andreas Hergenröther has been quoted as saying in the local media, “The dinner was organised to provide a platform for German Investors to discuss their current investments in Sri Lanka and further investment opportunities. In a recently conducted business confidence survey by AHK Sri Lanka, about 30 percent of the German companies announced to have concrete investment plans for 2020. More than 80 percent of the respondents identified the reliability of the legal framework as their major challenge. As the official representative of German business in Sri Lanka, we are strongly committed to fair and free trade, a level playing field, transparency and rule of law.”
Among the participating companies were, world market leaders such as Allianz, DHL, Linde, Continental, Siemens, Fresenius, Deutsche Bank, FTI-Touristik, MTU, MAN Energy Solutions, BBraun, Haefele and Mercmarine.
According to the local media, AHK Sri Lanka has started to organise CEO-Dinners with Sri Lankan politicians two years ago, in order to fulfill its functions as catalyst or of German business towards Sri Lankan institutions.
AHK Sri Lanka is part of the German Chamber network of 142 offices worldwide, representing 3.6 million German companies.

OSL take:

The continuous growth recorded by Sri Lanka’s economy has resulted in attracting the interest of foreign businesses/investors in the country. Sri Lanka has become a much sought after travel/business/investment destination in the South Asian region due to its geographical positioning in the Indian Ocean, the ease of doing business environment in the country, the many trade agreements as well as trade concessions enjoyed by the country and the listing of the island as a must visit destination by globally renowned travel publications. Therefore foreign businesses/investors could confidently explore business/investment opportunities in Sri Lanka.

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Article Code : VBS/AT/10022020/Z_3

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