Chinese businesses scout for investments in Sri Lanka

ECONOMYNEXT – A 77-member business and government delegation from China’s Zhejiang Province will arrive in the country in mid-November hunting for business opportunities, including cross border mergers and acquisitions.

The delegation is looking for co-operation in project investment, technology transfer, research & development, and cross-border mergers and acquisitions, the Ceylon Chamber of Commerce said in a statement.

The Chinese are also looking for patent licensing and brand cooperation, products and service subcontract, as well as setting up branches and sales networks.

The delegation includes firms in agriculture, auto parts and components, chemicals, construction materials and machinery, E-commerce, energy, fishery and forestry, food processing, garments, infrastructure, service industry, and textiles.

The delegation, led by the China Council for the Promotion of International Trade (CCPIT) Zhejiang Provincial Committee, arrives on November 23.

Delegates will attend the “Sri Lanka – China (Zhejiang) Investment and Trade Symposium 2015” jointly organized by the CCPIT and the Ceylon Chamber of Commerce.  (Colombo/November 06 2015)

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