Sri Lanka among top investment - conducive countries: Basil

14 June 2013 03:50 am Views - 3387

Sri Lanka has become one of the best countries for Investment since it can now boasts of a peaceful environment and a strong political stabilization after the cessation of hostilities which prevailed for over 30 years, a top cabinet minister said.

Sri Lanka is the one country in South Asia which provides electricity round the clock in 365 days of the year, which enables the factories to run without hindrance every hour and every day of the year, said Economic Development Minister, Basil Rajapaksa at a meeting with the delegation of South Korean trade representatives, headed by Jun Tek Shin recently.

The South Korean trade representatives were in Sri Lanka to explore the investment opportunities.

Economic Development Minister explained that Sri Lanka’s natural geography and environment are most suitable for investment purposes and most comprehensive rules and regulations with regard to the environment are in force. “Sri Lanka also has a devoted and skilled labour force.”

Minister Rajapaksa also revealed that several higher level investment projects are being implemented by South Korea, and investment opportunities are available in fields such as electricity, motor mechanism, fashions, medicine, ship repairs etc. He further stated that there is a high international demand for apparels produced in Sri Lanka, which are mostly exported to Europe ,Asia and Japan.