Top Chinese business delegation visits Sri Lanka’s Board of Investment
Daily FT: A top level Chinese business delegation led by China Association of Small & Medium Commercial Enterprises (CASMCE) President and Secretary Ren Xinglei met with the Board of Investment (BOI) Chairman Dinesh Weerakkody and officials of the BOI and Port City Colombo last week to discuss investment opportunities in Sri Lanka for infrastructure; e-commerce; EV assembly line, tourism infrastructure, manufacturing, charging stations; renewable energy, including solar, hydropower, floating solar, energy storage and environmental protection equipment.
The delegation included CASMCE Vice President Zuo Lingyun, Cloud Control Mine Information Technology Co. Ltd. Chairman Wang Guanshu, Chongqing Shuguang Industrial Park Chairman Guo Chnling, Taihua Machinery Manufacturing Co. Ltd. Chairman Lin Guochun, Fujian Gold Wharf Jewelry Group Co. Ltd. Chairman Ruan Yanping, Xiamen Haisheng Sunac Information Technology Co. Ltd. Chairman Yang Shuixiu, Aerospace Intelligent Control (Beijing) Monitoring Technology Co. Ltd. (AIC) Chairman Liu Qiongyan, and Merson (Hainan) International Trading Co. Ltd. Chairman.
OSL take:
China pays great importance to doing business with Sri Lanka since the country has been prominently placed in China’s Belt and Road Initiative (BRI). It is this reason that has resulted in many Chinese businesses/investors engaging and investing in Sri Lanka while China is also a key development partner of Sri Lanka. The strong ties between Sri Lanka and China are to be further strengthened by a free trade agreement (FTA) between the two countries that is currently under negotiation. Chinese businesses/investors could therefore confidently explore the growing business/investment opportunities in Sri Lanka. The growth and profits recorded by Chinese businesses already operating in Sri Lanka serves as a testament for the growing business potential in Sri Lanka. With Sri Lanka fast becoming a regional hub with a expanding economic activities, Chinese businesses/investors could confidently explore the growing business/investment opportunities in the country.