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SL invites Chinese companies to invest 

13 Jan 2021

[caption id="attachment_113531" align="aligncenter" width="1000"] Ambassador of Sri Lanka to China Dr. Palitha T.B. Kohona discussing in discussion with Great Wall Industry Corporation President Guo Zhaoping, accompanied by Deputy Chief of Mission K.K. Yoganaadan and Minister Commercial Alexi Gunasekera[/caption]   Ambassador of Sri Lanka to China Dr. Palitha T.B. Kohona has recently invited Chinese companies to invest in Sri Lanka in order to assist Sri Lanka in developing its information technology (IT) industry, particularly in advanced IT education and IT-based agriculture. Dr. Kohona made this statement during a recent visit he made to the China Great Wall Industry Corporation on invitation from the President of the corporation, Guo Zhaoping. To this invitation, Guo affirmed his fullest co-operation. He also agreed to assist in providing assistance through his companies for Sri Lankan companies exporting agricultural products to access the lucrative Chinese market. Dr. Kohona briefed the Chinese side on the policy of the Government of Sri Lanka on investments, trade, and its commitment to the development of the country in line with the policy statement “Vistas of Prosperity and Splendour”.  Furthermore, he elaborated on the concessions made to foreign direct investments (FDI) by the Budget 2021 and on the opportunities available in Sri Lanka in the fields of IT, education, renewable energy, agriculture, waste-to-energy management, trade, and tourism, and in the Colombo Port City and the Hambantota Development Zone.    The China Great Wall Industry Corporation is a subsidiary of the China Aerospace Science and Technology Corporation (CASC), a leading state-owned enterprise which has contributed massively to China’s technological advancement. The Sri Lanka delegation spent over eight hours with senior officials of the corporation and discussed potential areas of co-operation in the fields of technology, agriculture, industry, renewable energy, and trade. Deputy Chief of Mission K.K. Yoganaadan and Minister Commercial Alexi Gunasekera accompanied the Ambassador.


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