Chinese investors eye aviation, port and construction sectors | Daily News

Chinese investors eye aviation, port and construction sectors

Ceylon Chamber of Commerce Chairman Samantha Ranatunga, China Council for the Promotion of International Trade Chairman Jiang Zengwei, Ambassador for China in Sri Lanka Yi Xianliang,  Sri Lanka-China Business Council President Navindra Abeyesekera, Board of Investment Chairman Upul Jayasuriya and State Minister Sujeewa Senasinghe at the event.

Chinese investors are keen to invest in the aviation, port and construction industry sectors, Ambassador for China in Sri Lanka Yi Xianliang, said at a Business Forum at Kingsbury Hotel yesterday.

The Ambassador said that the visiting 45 member Chinese delegation will hold talks with Sri Lankan companies in this regard.The investments will be by way direct investments and also through joint ventures with Lankan companies.

This event was organised by The China Council for the Promotion of International Trade, The Ceylon Chamber of Commerce’s China Business Council. CCC Chairman Samantha Ranatunga said that in recent years, Sri Lanka’s economic partnership with China has developed extending beyond trade and tourism. “The two countries are on the verge of inking an FTA.This will open the vast Chinese market to Sri Lankan producers, manufactures and exporters,” he said.

“Sri Lanka is now gearing itself to leap forward in economic integration with the rest of the world and China would be an important partner in this endeavour.”

“Due to series of promotional campaigns launched by Sri Lanka Tourism Chinese arrivals too have picked up which is encouraging.”

“Sri Lanka has main three ports in Hambantota, Trincomalee and Colombo in the country and we are collaborating on Hambantota, Colombo and the airport with the Chinese government, a partnership with Sri Lanka,” International Trade State Minister Sujeewa Senasinghe said.

“We have a master development plan for the country and we have laid a solid foundation for a great future” he said. 

Volkswagen plant land to be divested

The Board of Investment has signed agreements with Volkswagen who are in the process of establishing their plant in Sri Lanka through a local agent,”Board of Investment Chairman Upul Jayasuriya said.

“We have already started the land preparation for the plant and it is nearing completion.The land has been handed over and we are awaiting the Government Agent to give us the legal ownership. The plant will be established in due course,” he said.


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