High interests shown at Sri Lanka Investment Promotions in Korea
The Embassy of Sri Lanka in the Republic of Korea in collaboration with the Board of Investment (BOI) of Sri Lanka held an Investment Promotion Programme in The Korea Chamber of Commerce ＆ Industry, Seoul on Feb. 19, 2019, under the Economic Diplomacy Programme of the Ministry of Foreign Affairs of Sri Lanka.
The programme included an Investment Promotional Forum titled “Investment Climate and Business Opportunities in Sri Lanka” which was jointly organised by the Korea Chamber of Commerce and Industry (KCCI) and the Sri Lanka Embassy on 19 February 2019. KCCI is the Korea’s largest private economic organization that encompasses 71 regional chambers and approximately 160,000 members covering all the sections of the Korean economy.
The Forum attracted by a cross-section of over 80 Korean companies including manufacturing, logistics and warehousing, agriculture and agro-based products, tourism and leisure industry, infrastructure, and knowledge-based industries i.e. IT / BPM.
Charge d’Affaires Jagath Abeywarna of Sri Lanka said "Korea has been a long-standing partner of Sri Lanka, in supporting infrastructure development, knowledge and cultural exchange, and technical cooperation. It is now an opportune time to take our partnership to a new level.Sri Lanka with its strategic location is a highly conducive investment destination in the South Asian region, to access and service markets in South Asia, the Middle East, Africa and Europe.I wish you a successful seminar and I look forward to supporting you to forge mutually beneficial trade and investment partnerships with Sri Lanka."
Presentations on available investment opportunities in Sri Lanka were made by Additional Secretary Madhawa Waidyaratna of the Ministry of Megapolis and Western Development and Executive Director Prasanjith Wijayatilake of the Board of Investment of Sri Lanka. Director Yang Dongcheol of the Korea Exim Bank made a presentation on the financial support available at the Korea Exim Bank for the Korean companies. The Forum was followed by a B2B Meeting organized by the KCCI with the participation of Sri Lankan delegates and Korean companies who attended the Forum.
The Embassy also arranged a series of meetings with senior representatives of Korea Overseas Infrastructure & Urban Development Corporation (KIND), Korea Foundation of Textile Industries (KOFOTI), Science & Technology Policy Institute, Korea Agricultural Machinery Industry Cooperative (KAMICO), Korea Land & Housing Corporation (LH), Ministry of Land, Infrastructure and Transport (MOLIT), International Contractors Association of Korea (ICAK), Korea Rail Network Authority (KRNA) and other Korean potential Companies.