Friday, June 02, 2023
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Japanese investors keen to explore investment opportunities in Sri Lanka

A group of Japanese investors along with Japan Deputy Head of Mission Katsuki Kotaro recently called on the Board of Investment (BOI) to discuss investment opportunities in Sri Lanka.

It’s expected that the much awaited LRT train system from Malalme to Colombo Fort and also the Colombo airport expansion project are to be undertaken by the Japanese again and re-start.

The investors had a productive discussion with Investment Promotion State Minister Dilum Amunugama, BOI Director General Renuka M Weerakone and other officials on key investment opportunities in Sri Lanka where the investors conveyed interest in investing in diverse sectors such as medical equipment manufacturing, pharmaceutical, travel and tourism industry especially cultural tourism, the hotel industry, property development and real estate.

Speaking at the meeting, the State Minister opined “Sri Lanka has come a long way in making reforms and progress since the economic crisis. The approved IMF program will definitely help enhance investor confidence, creating a conducive ecosystem to do business, thereby attracting much-needed FDIs to the country,”

Also, the State Minister explained to the delegates about the special investment policy, which is in progress to ease doing business where the BOI would be empowered to further facilitate investors.

Moreover, he invited the investors to invest in five new industrial and privately managed zones to be established in the Northern Province and the Trincomalee district. Further, the discussions are underway to grant tax benefits to investors in future