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Sri Lanka to focus on India, China, Japan for FDI: Keheliya

ECONOMYNEXT – Sri Lanka wants to target India, China and Japan for foreign investments with measures taken to raise investor confidence, State Minister for investment promotion, Keheliya Rambukwelle said.

“We will not look at favorites when it comes to international relations, but we are very particular about India and China including Japan,” Minister Rambukwelle said, after assuming duties at his office in Colombo.

He said the three countries were important especially in terms of logistics.

Rambukwelle said with elections due in a few months, the focus was to build confidence and lay a foundation to draw investors.

“Primarily we should focus on national security, then political stability and infrastructure,” Rambukweelle told EconomyNext.

“Investors should not be sent from pillar to post, BOI should be a one stop shop.”

Sri Lanka however has several layers of government, including provincial councils and local authorities, where multiple approvals are needed. (Colombo/Nov29/2019)

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