Sri Lanka state sugar firm to seek investors for tourism PPPs
EconomyNext: Sri Lanka will call for expressions of interest from private investors to set up tourism projects as public private partnerships in state-run Pelwatte and Sevanagala companies, Minister Nalinda Jayatissa said.
“We have to find income generating methods for them,” Jayatissa told reporters referring to Lanka Sugar (Private) Company Limited.
Based on a feasibility study by the National Agency for Public-Private Partnership, 4 locations have been identified within the Pelwatte Sugar Factory premises.
He did not specify how many locations were identified within Sevanagala premises.
The spots have been identified for development as tourist attractions, with “special focus on eco-tourism, agro tourism, wellness tourism and conservation-based tourism,” he said.
The cabinet had approved the proposal to implement 2 tourist projects as public-private partnership schemes to develop the locations.
Pelwatte Sugar, which was originally set up with the support of Booker Tate of South Africa also has a golf course and other facilities that can be leveraged for tourism, analysts say.
The Pelwatte and Sevanagala sugar factories are now owned by Lanka Sugar Company, a fully government owned company under the Treasury of Sri Lanka.
OSL take:
Sri Lanka’s ongoing development porgramme has presented a host of business/investment opportunities for foreign businesses/investors on the lookout for lucrative ventures in the South Asian region, especially in Sri Lanka. Given that Sri Lanka has built itself to become an emerging business destination in the South Asian region supported by the country’s geographical positioning in the Indian Ocean and the strong trade ties enjoyed with many countries. The increasing interest in Sri Lanka in business, trade and investment, foreign businesses/investors could confidently explore the expanding business/investment opportunities in Sri Lanka, especially in the development programme. With Sri Lanka’s tourism industry also on a steady growth path, foreign businesses/investors could look at linking some of the development projects with the tourism industry. Foreign businesses/investors could also look at expanding operations through partnerships or joint ventures with local businesses.
| Article Code : | VBS/AT/20250822/Z_4 |