Sri Lanka expects greater investments from China to develop IT industry: Ambassador

Sri Lanka expects greater investments from Chinese companies to assist developing its IT industry, particularly in advanced IT education and IT based agriculture, Sri Lankan Ambassador to China Dr. Palitha Kohona yesterday said.

This was stated at his visit to the China Great Wall Industry Corporation.

President Gao of the China Great Wall Industry Corporation affirmed his fullest cooperation agreeing to assist through his companies to export agricultural products to access the lucrative Chinese market.

Ambassador Kohona elaborated of the concessions to foreign direct investments by the budget 2020-2021 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.

He further briefed the gathering on the Chinese side on the policy of the Government of Sri Lanka on investment, trade and its commitment to the development of the country in line with the policy statement “Vistas of Prosperity and Splendour”.

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 Embassy said.