High level Japanese business delegation explore future investment opportunities in Sri Lanka
Sri Lanka’s Board of Investments (BOI) has stated that a Japanese business delegation including chief executive officers and leading officials of some of the largest companies had visited Sri Lanka to explore future investment opportunities in the country.
The 59 member strong Japanese business delegation had visited Sri Lanka on the invitation of Prime Minister Ranil Wickremesinghe and had participated at the Sri Lanka-Japan Economic Forum organized by the BOI at the Shangri-La Hotel last week.
The delegation was led by Senior Advisor, Honorary Chairman of Nippon Steel and Sumitomo Metal Corporation, Dr. Akio Mimura.
The delegation had reportedly represented a wide cross section of the Japanese economy from sectors including heavy industry, automobile, airline, banking, infrastructure, services, energy and machinery.
Japanese investments have had a significant presence in the country for several decades and are an integral part of national economy of Sri Lanka, the statement says.
“My impression was that it was a good decision on our part to visit Sri Lanka and indeed we rediscovered the country,” Dr. Akio Mimura has been quoted as saying in the media.
“I also note the high GDP per capita by the standard of South Asia. Also important are the Free Trade Agreements with other countries.”
Mimura has further noted, “I have come to the conclusion that there is great potential in Sri Lanka and a need to create more awareness in Japan about this country.”
OSL take:
The visit by the 59 member Japanese business delegation to Sri Lanka to explore investment opportunities in the island nation is a clear sign of the increase in the level of confidence of the foreign businessman/investor on the Sri Lankan economy. The growing interest on the Sri Lankan economy would result in the opening up of opportunities in many sectors in the country.
| Article Code : | VBS/AT/20180214/Z_1 |