JICA discusses resumption of BIA 2nd phase development, TV digitisation projects
Daily FT: The Japan International Cooperation Agency (JICA) Chief Representative Yamada Tetsuya, along with a delegation of senior representatives, met with the Secretary to the President Dr. Nandika Sanath Kumanayake recently.
The discussion focused on the second phase of the Bandaranaike International Airport (BIA) Development Project, implemented by JICA, and the immediate launch of the Terrestrial Television Broadcast Digitisation Project. In a recent meeting with the Secretary to the President, the Japanese Ambassador emphasised the need for the swift completion of 11 ongoing projects supported by JICA. Today’s discussion centred on accelerating the progress of these initiatives.
Katsuhiro Suzuki, the Second Secretary of the Japanese Embassy in Sri Lanka, along with other officials, also attended the meeting.
OSL take:
With Sri Lanka targeting on achieving hub status in the South Asian region, the country’s development programmes present a host of business/investment opportunities to foreign businesses/investors. The ongoing economic activities and the overall economic expansion have all managed to boost confidence among foreign businesses/investors as well as bilateral and multilateral donors to engage with Sri Lanka on its path to becoming an emerging business/investment destination in the region. It is in such a backdrop that Japan’s JICA is looking at resuming two key development projects in the country. JICA’s decision has opened up opportunities for foreign businesses that are exploring ways to do business in Sri Lanka. Thes opportunities range from direct and indirect businesses as well as range from the development of infrastructure and supplementary infrastructure facilities. Given the growth and business potential in Sri Lanka, foreign businesses/investors could explore the expanding business/investment opportunities covering all key economic sectors in the country.