Sri Lanka’s Ambassador in Bangkok seeks investors for Port City
The Morning: Ambassador of Sri Lanka to Thailand Wijayanthi Edirisinghe hosted a meeting with senior representatives from Colombo Port City, marking an important step towards strengthening investment and business relations between Sri Lanka and Thailand.
The Colombo Port City delegation included Port City Colombo Special Economic Zone Asia and Pacific Investment Promotion Regional Head Sarayut Lekplipol, CHEC Port City Colombo (Pvt) Ltd. Industry Investment Director Shi Mingguang and CHEC Port City Colombo (Pvt) Ltd. Investment Promotion and Marketing Business Development Manager Michael Hu.
The delegation outlined Colombo Port City’s vision to position itself as a premier hub for regional offices and trading offices.
As part of this initiative, they proposed a high-level investment summit specifically designed to attract secondary investments from companies in Thailand.
They requested the Embassy’s assistance to facilitate engagement with prominent Thai chambers and trade associations, inviting their members to participate in the proposed event.
Edirisinghe underscored the Embassy’s commitment to facilitating such initiatives, and emphasised the role of Port City Colombo as a gateway for regional investment in South Asia. Both sides agreed to maintain close collaboration to foster stronger economic ties and unlock new business opportunities between Sri Lanka and Thailand.
OSL take:
Sri Lanka’s Port City project in Colombo is aimed at taking the country to the next level of development in its target of becoming a hub in the South Asian region. The country’s strategic positioning in the Indian Ocean, the strong trade ties enjoyed with many countries and the target of achieving hub status all indicate Sri Lanka as the best business/investment destination in the region. It is this reason that the country has been placed prominently in the business plans of many countries, especially China, which has included Sri Lanka as a key destination in the Belt and Road Initiative (BRI). Therefore, the Port City project presents many attractive business/investment opportunities. Many foreign businesses/investors have already explored opportunities in the Port City and have expressed interest in investing. The Port City project has shown a great growth potential with an increasing business potential. Given the overall economic expansion in the country, Sri Lanka’s growing attraction as an emerging business/investment destination in the South Asian region and the many tax concessions on offer, foreign businesses/investors could confidently explore the expanding opportunities in Sri Lanka.
| Article Code : | VBS/AT/28112024/Z_2 |