Sri Lanka Investor Forum 2021 facilitated over 150 investor meetings
The Sri Lanka Investment Forum 2021 (SLIF 2021), organised by Sri Lanka’s Board of Investment (BOI), the Ceylon Chamber of Commerce (CCC) and the Colombo Stock Exchange (CSE) the concluded recently, has reportedly facilitated one-to-one meetings between foreign investors and foreign direct investment (FDI) project promoters and listed corporates.
According to reports, the forum had facilitated over 150 virtual meetings which were seen as productive by foreign investors as well as the participating Sri Lankan institutions.
Leading Sri Lankan institutions that joined the forum to present Sri Lanka’s investment propositions had included State institutions, listed companies, investment banks and consulting firms from over 18 industry sectors, the Daily FT has reported.
The virtual platform had reportedly provided a convenient environment for investors and promoters to set up meetings at mutually convenient times while also enabling query and chat facilities which facilitated rapid responses to investor queries many of which are expected to result in deeper follow up engagements going forward.
BOI Chairman Sanjaya Mohottala has been quoted as saying, “We are very encouraged by the response from international investors for the FDI projects showcased at SLIF, with a significant number of project partners connecting one-on-one during the B2B sessions over the three days, with more meetings scheduled in the coming weeks. For the FDI side, prospective investors had a catalogue of almost 50 -scale FDI projects valued at over US$ 5 billion, detailing opportunities to invest in Sri Lanka across multiple sectors ranging from hospitality and leisure, infrastructure, renewable energy to oil and gas.”
CSE Chairman Dumith Fernando has reportedly said, “The SLIF provided excellent results with a large number of foreign investors speaking directly with listed companies virtually at a time when physical investor meetings are not possible. From the perspective of Sri Lankan listed companies, many were delighted by the new and diverse investors they were introduced to at the forum. At the same time, investors were pleased to see the breadth of information and transparency achieved through the SLIF which would be useful in their future investment decisions.”
OSL take:
The recently concluded Sri Lanka Investment Forum showcased a host of business/investment opportunities in the country. Sri Lanka’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country have poised the island as an emerging business destination in the South Asian region. The country’s ongoing development programme will further support in achieving the target of business hub in South Asia. Given these facts, foreign businesses/investors could explore emerging opportunities in Sri Lanka.
| Article Code : | VBS/AT/20210623/Z_8 |