US technology giant Honeywell scouts Sri Lanka: Eran
COLOMBO (EconomyNext) – US technology firm Honeywell International, a 40 billion US dollar firm has interests in avionics, energy and advanced materials is scouting Sri Lanka, with its chairman paying a personal visit to meet Deputy Investment Minister Eran Wickramaratne.
"There is a new wind blowing and that is something they are taking cognizance," Wickramaratne said after the meeting with Honeywell Chief Executive David M Cote.
"It augurs well from the country’s point of view."
Cote’s interest comes hot on the heels of US Secretary of State John Kerry’s visit to Sri Lanka earlier this month.
Honeywell technology is found in commercial and military aircraft, automobiles, petroleum refineries, green energy and even household equipment.
Wickramaratne said the firm was looking for ease of doing business and also the personnel.
Honeywell employs 127,000 people including 22,000 engineers and research staff.
Honeywell already has operations in India and China.