Bid to explore Lanka-Yuan Province business opportunities

Shirajiv Sirimane

TRADE FAIR: A 20 member business delegation led by Minister of Exports, Professor G. L. Peiris will leave today to explore investment opportunities between Sri Lanka and Yuan Province in China.

They would also participate in the Kunmin Trade fair where there would be overseas investors as well. According to the President of the Federation of Chamber of Commerce and Industry (FCCISL) Nawaz Rajabdeen, who organised this event the delegation is looking at establishing links and also attracting investors to set up joint ventures in Sri Lanka.

Kunmin province is keen to invest in the local power generation and infrastructure related redevelopment project in Sri Lanka. Tourism too would be promoted. He said that the Minister will play a vital role in this regard.

The local business delegation would comprise of the agrarian, industry and service sector. "Therefore, the members of the delegation would look at finding machinery for agriculture and for other industries," he said. Finding hybrid varieties too is another area that would be perused.

Rajabdeen said that the FCCSL in April signed MoU with the Kunmin Chamber of Commerce and as a result Kunmin Chamber would provide 20 stalls to Sri Lanka free of charge. "In addition they have also agreed to be brokered between local and Chinese companies," he said.The follow up of meetings would be coordinated by the Kunmin Chamber which has promised to send a business delegation after this event to Sri Lanka.