Sri Lanka holds investment promotion programme in Seoul, Korea under Economic Diplomacy Programme
The Embassy of Sri Lanka in the Republic of Korea in collaboration with Sri Lanka’s state investment promotions bureau, the Board of Investment (BOI), has reportedly held an investment promotion programme in Seoul from February 19 – 22, 2019 under the Economic Diplomacy Programme of the Ministry of Foreign Affairs of Sri Lanka.
The programme had included an investment promotional forum titled “Investment Climate and Business Opportunities in Sri Lanka,” which was jointly organised by the Korea Chamber of Commerce and Industry (KCCI) and the Sri Lanka Embassy on February 19, 2019.
KCCI is Korea’s largest private economic organization that encompasses 71 regional chambers and approximately 160,000 members covering all the sections of the Korean economy.
According to reports, the forum had attracted over 80 Korean companies involved in manufacturing, logistics and warehousing, agriculture and agro-based products, tourism and leisure industry, infrastructure, and knowledge-based industries i.e. IT / BPM, among others.
Sri Lanka’s Chargé d’ Affaires at the Korean mission, Jagath Abeywarna had noted that Sri Lanka is very keen to attract Korean investment along with Korean know-how and technology.
He has further stated that Sri Lanka would be able to benefit from the Korean new technology and hi-tech manufacturing, as the Republic of Korea is playing a leading role in the field.
OSL take:
The government of Sri Lanka has launched several programmes to attract foreign investments to the country. The recently held investment promotion programme in Seoul is one such venture. The exposure received by Sri Lanka through such promotions has resulted in many foreign businesses/investors expressing interest and exploring business/investment opportunities in the island nation.
| Article Code : | VBS/AT/20190301/Z_3 |