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Sri Lanka and Nepal continue collaborations in the construction sector 

09 Feb 2022

The Sri Lanka Embassy in Nepal and the Export Development Board of Sri Lanka (EDB) jointly organised a virtual meeting for Sri Lankan construction companies to interact with the Nepal Ministry of Physical Infrastructure and Transport (MPIT) and also to learn about procedures and regulations applicable to foreign investors, including for joint ventures.  MPIT Joint Secretary – Development Assistance Co-ordination and Quality Division Er. Keshab Kumar Sharma provided a comprehensive overview of the procedures in place, as well as the investment prospects in road works and transport. He also underlined the criteria and experience that is required while also providing a general outline of prospects in other areas such as hydro-power development, architectural and engineering design, consultancy work and building construction. Er. Sharma further elaborated the criteria and opportunities available in physical infrastructure development and transport in Nepal in the medium term, and also responded to queries posed by the construction sector representatives from Sri Lanka. The participants welcomed a future opportunity to meet physically for face-to-face engagement, at an opportune time.  The virtual meeting was held on 7 February and was organised in response to a request made by the construction industry representatives during the business-to-business (B2B) session of 21 December 2021, to facilitate a meeting with Government authorities in Nepal. Given the diversity of the sector, similar focused and in-depth engagements were encouraged to be held in the future as well, with relevant Government partners in Nepal, in order to respond to questions from hydro-power, building construction, and urban development sector companies in Sri Lanka.  Over 10 Sri Lankan companies participated in the virtual meeting including the Construction Industry Development Authority of Sri Lanka and major constructors of Sri Lanka. High Commissioner Himalee Arunatilaka and EDB Director – Export Services Indumini Kodikara also addressed the meeting.


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