Sri Lanka’s BOI hosts “Investment Opportunities in Export Processing Zones in Sri Lanka”
United Nations Industrial Development Organisation (UNIDO) ITPO Tokyo hosted a webinar on “Investment Opportunities in Export Processing Zones in Sri Lanka” with the Board of Investment of Sri Lanka (BOI) and the Embassy of Sri Lanka in Japan recently, supported by Japan External Trade Organisation (JETRO).
UNIDO ITPO Tokyo Head Yuko Yasunaga has commenced the programme, creating a positive sentiment towards the investment environment in Sri Lanka, according to The Morning newspaper.
Highlighting Sri Lanka’s strategic location, Embassy of Sri Lanka in Japan Charge d’Affaires Chandana Weerasena’s introductory speech has reportedly detailed a number of points encouraging the Japanese business community to consider Sri Lanka as an investment destination.
Presenting the key macroeconomic priorities of the newly appointed Government, BOI Director General Sanjaya Mohottala has introduced the new targeted strategic sectors for foreign investments.
“Effective management of the Covid-19 pandemic has not only seen low numbers in terms of fatalities and spread, but has also resulted in national exports breaching the $ 1 billion mark last month. Thus, I think you will agree with me in this regard that the economic outlook for Sri Lanka is quite positive, given the circumstances of 2020,” Mohottala has added.
Introducing the Katunayake, Mirigama, and Hambantota export processing zones (EPZs) as potential locations for Japanese.
OSL take:
Sri Lanka’s exports sector is on the path to revival following the impact on the global economy following the Covid 19 lockdown. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region. Therefore, Sri Lankan manufacturing exports sector provides many business/investment opportunities for foreign businesses/investors.
| Article Code : | VBS/AT/09/10/2020/Z_4 |