Hydro power investment opportunities in Tajikistan for Sri Lankan firms
ECONOMYNEXT – Sri Lankan companies have investment opportunities in Tajikistan’s hydropower and apparel sectors and both countries could use each other as launch pads to access markets in their regions, acting minister of foreign affairs Harsha de Silva said.
Sri Lanka intends to organise trade missions to Tajikistan for key products like apparel, rubber-based products, gems and jewellery, porcelain and tableware, and ayurveda products, he told an investment forum.
“Sri Lankan investors can explore hydro power generation and apparel sectors in Tajikistan,” de Silva told the forum with a business delegation led by visiting Tajikistan President Emomali Rahman.
“There are also investment opportunities in Tajikistan’s free trade zone.”
Next year Sri Lanka will send a trade mission led by Minister of Development Strategies and International Trade Malik Samarawickrema to Tajikistan with a business delegation before President Maithripala Sirisena visit.
“We can transform Sri Lanka into a hub for the Indian Ocean just like Tajikistan is the gate way to Central Asia,” de Silva said.
“It is in the interest of both countries to leverage each other as launching pads to access markets in both regions.”
A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Chamber of Commerce and Industry of Tajikistan.
(COLOMBO, Dec 14, 2016)