Increasing trade and investment with Sri Lanka a priority says Norwegian Envoy.
Ada Derana: The promotion of business cooperation between the Nordics and Sri Lanka remains an important and relevant priority, Ambassador of Norway to Sri Lanka Her Excellency Trine Jøranli Eskedal emphasised, at the recent Annual General Meeting of the Sri Lanka NORDIC Business Council (SLNBC) of the Ceylon Chamber of Commerce.
Strategic partnerships and investments in areas such as clean and sustainable energy, ICT and shipping will also help Sri Lanka to emerge from the current economic crisis and more forward, she said, adding that SLNBC continues to act as a vital link facilitating opportunities for cooperation in terms of trade, investment and private sector led growth between Sri Lanka and NORDIC partner countries.
Referring to recent positive developments related to addressing the economic crisis, Outgoing President of the Council Prasath Mahalingam said the Council would continue to work to create opportunities for trade and investment between Sri Lanka and the Nordics, including organizing more events such as a recent knowledge sharing session between SLNBC Member organisations and Sri Lankan ICT companies on overcoming entry barriers to the Norwegian market.
Jehan Perinpanayagam of Infomate (Pvt) Ltd was elected as President of Sri Lanka–NORDIC Business Council (SLNBC) at the 21st Annual General Meeting.
SLNBC was inaugurated in 2001 to promote trade, tourism, investment and services between Sri Lanka and the partnering countries and the council continues to act as the vital link between the countries, to develop new initiatives and areas or corporations in terms of trade, tourism and investment. The SLNBC membership comprises a wide spectrum of companies engaged in infrastructure, logistics and services, financial services, tourism and leisure, import and export trading, manufacturing, ICT and telecommunication.
The statement by the Norwegian Envoy in Sri Lanka is indicative of the increasing interest among Norwegians in Sri Lanka. Norwegian businesses/investors could explore the expanding opportunities in Sri Lanka given the resilience shown by the country’s economy given the challenging economic conditions faced by the country. Sri Lanka is also looking at becoming an emerging business destination in the South Asian region given the country’s geographical positioning in the Indian Ocean and the strong trade ties enjoyed by the country. This is indicative of the growth and business potential in Sri Lanka. Norwegian businesses/investors interested in doing business in the region could look at setting up base in Sri Lanka to engage with countries in the South Asian region using the strong business and trade ties enjoyed by the country in the region. Also, Norwegian businesses could look at forming partnerships or joint ventures with local businesses to expand operations in the region.
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