Sri Lanka mulls special investment zone for China

ECONOMYNEXT – Sri Lanka is looking at the possibility of a special investment zone for Chinese companies in the island’s South, International Trade and Development Minister Malik Samarawickrama said.

Sri Lanka will have a series of investment promotion forums in next several months to draw foreign direct investments to the country.

A special investment zone for Chinese investments in the Southern area of Hambantota is on the cards, Samarawickrama told reporters in Colombo.

China had loaned money and built a port and airport in Hambantota.

Sri Lanka is also expected to give the go ahead of a 1.5 billion US dollar Chinese land reclamation project in March that will extend the country’s capital in to the sea, which was halted after the current administration was elected in January.

Prime Minister Ranil Wickremesinghe is expected to visit Beijing in March, Samarawickrama said.
 (Colombo/January 18, 2016)

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