brand logo

Hambantota Port promotes Industrial Park among Chinese investors

25 Oct 2021

  • Puts forth promotional plan to facilitate setting up of industries
A promotional programme has been conducted to encourage investments from China for the Hambantota Port’s Industrial Park.  Accordingly, a promotional plan has been put in place by the Hambantota International Port Group (HIPG) to position the port and its industrial zone as a haven of opportunity for setting up light industries.  HIPG General Manager of Port Investment Services Justin Zhang noted: “Our industry research and investment promotion activities have shown us that although potential investors know Sri Lanka as a tourist destination, they know little about the Hambantota Port and the opportunities; the country can open up from a more industrial and business-related perspective. They are unaware of the investment environment in Sri Lanka and HIP for overseas investment – a situation we intend to remedy.”  Many potential investors have been reached and discussions are ongoing for direct investment into the zone.  What is of primary concern to these investors is the supply chain, both upstream and downstream. HIPG Senior General Manager of Port Investment Services and General Affairs Tim Xiao stated: “They are familiar with market conditions where there are a multitude of raw material suppliers for different industries that can make market conditions competitive, which goes towards mitigation of the volatility of the supply of materials for production. This is something HIP is working on parallel to bringing these investments into the country, which is in our master plan.”  HIPG’s expert port investment team has been stationed in China for about a year, to inform and educate potential investors about new opportunities in Sri Lanka. “We have approached more than 100 enterprises and public institutions, which include investors and government sector and industry associations in Beijing, Tianjin, and Hebei, East China, the Yangtze River Delta, and the Pearl River Delta region, etc.”  Currently, the HIPG port investment services team is on the ground, promoting the zone to diverse industries that will fit into the port’s master plan in upstream and downstream connectivity in port-related industries. The preferred industries are rubber and tyre, electric vehicles, electronic equipment, home electrical appliances, new materials for building, nanomaterials, etc. The investors are being made aware of what Sri Lanka has to offer in terms of tax incentives, low costs of labour, utilities, etc., as well as benefits arising from the country’s free trade agreements. The strategic location of the Hambantota Port is another advantage for investors in terms of proximity to their markets coupled with the multifunctional logistics, port facilities, and the added benefits from an industrial park adjacent to the port.  HIPG Chief Executive Officer (CEO) Johnson Liu said: “Our endeavour in bringing FDI (foreign direct investment) into Sri Lanka is to connect Sri Lankan and foreign partners in various industry sectors so that the country will realise its full potential. When approaching investors, we usually introduce the ‘HIP Speed’ concept which includes our professional and efficient project team in Sri Lanka and China and the one-stop service facility. We also showcase projects such as our ‘Park in Park’ manufacturing operation, the Ceylon Tyre Manufacturing Project, and the Sea Horse Yachts building are examples of how ‘HIP Speed’ operates.”  HIPG noted that the future holds great opportunities for the south of the country, both in terms of skilled and semi-skilled employment and for Sri Lankan investors to set up factories to strengthen the supply chains that will create win-win solutions for everyone. “One of our main objectives is to make HIP a gateway port for the southern hinterland. This requires more industries to be integrated into a smoother supply chain that could be developed, to cater to a massive export market for Sri Lanka,” expressed Liu.

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..