Boosting Sri Lanka's international investment profile, two top global multinationals are moving for Sri Lanka entry.
World's largest shipper Maersk Line and pharmaceutical giant, Nordisk A/S and two other giants in green-tech and water management are also studying a Sri Lanka entry.
New Delhi based Danish Ambassador for Sri Lanka Peter Taksoe-Jensen revealed Maersk Line and Nordisk A/S’ breakthrough entry plans for Sri Lanka at a meeting with Industry and Commerce Rishad Bathiudeen Minister in Colombo on Tuesday.
“The political developments in Sri Lanka are very interesting to follow. Still we also need to focus on bilateral economic objectives,” Taksoe-Jensen said.
“Some of the largest Danish multinationals firms are interested in investing in Sri Lanka. The world's largest container shipper Maersk Line is a Danish firm. I am pleased to say that it is planning to enter Sri Lanka and looking to invest in a new container facility and join the Colombo port expansion-and set up a warehouse facility as well. Novo Nordisk A/S, the Danish multinational pharmaceutical firm, the world leader in insulin production, is also very interested in establishing a subsidiary here.
Two other Danish multinationals in green-tech and water management also are closely studying Sri Lanka. They all are very interested to come in. What therefore we are looking at is more than just trade-investment partnerships as well! Lets work together.”
Maersk Line is the world's largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 countries. Maersk Line is an operating unit of the A.P.Moller-Maersk, the Danish business conglomerate, which according to the Forbes magazine, is the third largest company in the entire Nordic region.
Novo Nordisk A/S is the world's leading diabetes care company with a 48% share of global insulin market. Headquartered in Bagsv‘rd, Denmark, it is in the frontlines of supplying human insulin, whose rapid global demand growth is 10% to12% a year.
“Denmark-Sri Lanka bilateral relations extend a long time back and as for trade, since 2000, our bilateral trade increased by a huge 300% to $94 Mn by end of 2014” said Minister Bathiudeen responding to (HE) Danish Amb. Taksoe-Jensen, and added: “I stress that one reason for this dynamic bilateral relationship is the active nature of our Danish Honorary Consul General, Harold (Harry) Jayawardena. We believe that the Danish market can readily take in many of our primary exports such as rubber, tea, spices, ceramics and even our world class apparel.
I welcome Denmark multinationals and we are ready to extend our fullest cooperation to them. We have embarked on a new journey on an accelerated economic development. Sri Lanka is a well-known location in the international shipping map and Colombo ranks among the top 35 ports in the world, being also a historic stopover of the silk route. It's now the only South Asian port that can handle above 10000 TEU mark and therefore a great transhipment opportunity for shipping firms such as Maersk Line.”
Denmark's Consul General in Sri Lanka Harold Jayawardena said: “It is time for closer B2B cooperation between our two countries. A strong Danish business delegation to Colombo is also on the pipeline and details are being worked out.”
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