Sri Lanka to draw foreign investments to the East

ECONOMYNEXT – Sri Lanka wants more foreign and domestic investments to the former war-torn Eastern province where there are opportunities in tourism, industry and agriculture, officials said.

An investment conference with over 300 local and international participants will be held on January 28

Chief Minister of the Eastern Provincial Council, Naseer Ahmed said the region had a large labour pool and natural assets including beaches and water bodies that was conducive to tourism, industry, agriculture and animal husbandry.

Minister of International Trade Malik Samarawickrama said an domestic airport in Batticaloa will be expanded.

The possibility of a state-run Sri Lankan Airlines starting a scheduled domestic service to the region was also being looked at.

Two coal power plants are also due to come up in the region with Indian and Japanese finance, he said.

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