Basil tells Korea Sri Lanka on top of the list of best countries for investment

Friday, 14 June 2013 00:00 - - {{hitsCtrl.values.hits}}

Economic Development Minister, Basil Rajapaksa opined that Sri Lanka has become one of the best countries for investment since it can now boasts of a peaceful environment and a strong political stabilisation after the cessation of hostilities which prevailed for over 30 years.

Sri Lanka is the one country in South Asia which provides electricity round the clock, 365 days of the year, he added, which enables the factories also to run without hindrance every hour and every day of the year.

Minister Rajapaksa thus stated at a meeting he had with the delegation of South Korean Trade Representatives, headed by Jun Tek Shin who were on a visit to Sri Lanka to explore investment opportunities. The Minister explained that Sri Lanka’s natural geography and environment are most suitable for investment purposes and most comprehensive rules and regulations with regard to the environment are in force. Sri Lanka also has a devoted and skilled labour force.

Rajapaksa also revealed that several higher-level investment projects are being implemented by South Korea and investment opportunities are available in the fields such as electricity, motor mechanism, fashion, medicine, ship repairs etc. He further stated that there is a high international demand for apparel produced in Sri Lanka, which are mostly exported to Europe, Asia and Japan and revealed that investment opportunities are in existence in this field as well. He drew the attention of the Korean delegation to the construction of trade complexes and convention centres for tourists.