Sri Lanka and Benelux private sectors forge new alliances
Daily FT: The private sectors of Sri Lanka and Benelux countries Belgium and Luxembourg recently forged new alliances aimed at boosting trade and investments.
Spearheading the initiative was a Memorandum of Understanding (MoU) signed yesterday between The Ceylon Chamber of Commerce (CCC), its affiliate Sri Lanka-Benelux Business Council (SLBBC), and the BELGOLUX-Sri Lanka Business Council (BLSBC), along with a business forum, series of business-to-business (B2B) meetings, and related engagements coinciding with a near 20-member delegation from Belgium and Luxembourg.
The BELGOLUX economic mission to Sri Lanka from 16 to 21 June is being organised by the Sri Lanka Embassy in Belgium and the BLSBC, in collaboration with the CCC, SLBBC, and several other State and private sector institutions.
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The delegation represents the food and beverage, ICT, energy, business consultancy, financial services, manufacturing, trading, and technology sectors, among others. The Luxembourg Stock Exchange is also represented in this delegation, which is joined by the Ambassadors of Belgium and Luxembourg.
Sri Lankan Ambassador to Belgium, Luxembourg, and the EU Chandana Weerasena and Belgian Ambassador to New Delhi Didier Vanderhasselt emphasised the vast potential to further enhance economic and business ties between the private sectors of Sri Lanka, Belgium, and Luxembourg. Opportunities to collaborate on investments and technology in multiple new areas including logistics, business process outsourcing (BPO), agribusiness, and renewable energy, were also emphasised.
OSL take:
Sri Lanka continues to present a range of attractive business/investment opportunities for foreign businesses/investors seeking to expand their presence in South Asia and the Indian Ocean region. The country’s strategic location along key global shipping routes, improving economic environment, and strong focus on export-led growth make it a compelling destination for international investment. Foreign businesses/investors can explore business/investment opportunities across sectors such as logistics and maritime services, renewable energy, tourism and hospitality, information technology, advanced manufacturing, agribusiness, healthcare, and infrastructure development. Sri Lanka’s skilled workforce, well-established export industries, and growing emphasis on innovation and sustainability further enhance its investment appeal. The strengthening of business ties between Sri Lanka and Benelux countries such as Belgium and Luxembourg opens new avenues for trade, investment, technology transfer, and strategic partnerships. Areas including logistics, sustainable energy, financial services, smart manufacturing, and value-added exports offer significant potential for collaboration. Joint ventures between Sri Lankan and foreign companies can help leverage complementary strengths, facilitate market access, and create business/investment opportunities for long-term growth in both regional and international markets. As Sri Lanka advances its economic transformation agenda, increased engagement with global business partners is expected to drive investment, enhance competitiveness, and support the country’s emergence as a dynamic hub for trade and enterprise.
| Article Code : | VBS/AT/20260706Z_4 |