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BOI to promote Hambantota industrial park

15 Nov 2021

  • Signs MoU with Hambantota Int’l Port Group
The Board of Investment of Sri Lanka (BOI) and Hambantota International Port Group (HIPG) signed a co-operative “Shared User Services” Memorandum of Understanding (MoU) to work to provide joint communications to promote foreign direct investment (FDI) opportunities in Hambantota, and conduct market research to identify suitable projects to site at Hambantota. It is expected to include the Port Industrial Park.  HIPG and the BOI signed this MoU on 26 October 2021. China Merchants Port Holdings in Sri Lanka Chief Representative and HIPG CEO Johnson Liu and BOI Chairman Sanjaya Mohottala signed the Strategic Co-operation Agreement at a ceremony held at the Presidential Secretariat, Colombo. Minister of Youth and Sports, Minister of Development Co-ordination and Monitoring, and State Minister of Digital Technology and Enterprise Development Namal Rajapaksa was present as a witness. HIPG is, in turn, to provide port operation services for investment projects established in BOI Export Processing Zones (EPZs), and for BOI to facilitate comprehensive and functional single-window facilities on investor support services for HIPG projects.   Under the MoU, Minister Namal Rajapaksa congratulated BOI and HIPG on the successful signing of the Strategic Co-operation Agreement, going on to state: “The development of industrial and export-oriented enterprise is an important step for economic prosperity. The Hambantota International Port being declared as one of the country’s free ports will be an added advantage for international shipping lines and port industries, which will accelerate Sri Lanka’s position as an international shipping and commercial hub in South Asia.”  Mohottala said: “Collaboratively presenting Sri Lanka’s unique investment opportunity is strategically significant for the country, as investors will benefit from experiencing holistic value propositions communicated through a co-created approach between our two entities. Additionally, with breakthroughs in port throughput, park entry projects, and project constructions accomplished by the Hambantota Port, this MoU will positively impact and further enhance ease of doing business for BOI enterprises, who can avail themselves of these shared service facilities at the HIPG. We also believe that potential investors, who will commission commercial operations in BOI’s newly dedicated pharmaceutical zone situated in proximity to the Hambantota Port, will also benefit through this, and we look forward to working closely with HIPG to enhance possibilities for both current and future investors.


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