BOI showcases ‘Business Opportunities in Sri Lanka’
The India SME Accelerator Network, together with the Board of Investment of Sri Lanka (BOI) and the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), hosted a webinar on ‘Business Opportunities in Sri Lanka.’
Held on the 8 October, the event was supported by the India-ASEAN Sri Lanka Chamber of Commerce and Industry.
Introducing the main objective of the session, Shalini Dabholkar, Chief Executive Officer of India SME Accelerator Network (ISAN), elaborated on the importance of creating awareness on opportunities related to investment and trade between India and Sri Lanka.
Focusing on investment potential, from the Indian market, Prasanjith Wijayatilake, Executive Director of BOI, covered Sri Lanka’s economy, investment climate, and its opportunities in a brief presentation. Key highlights were Sri Lanka’s Post-COVID economic recovery, market access and work force competitiveness in terms of talent and productivity. He also provided insight into near term investment opportunities in pharmaceuticals and textile manufacturing in proposed export processing zones in Hambantota and Eravur, both of which are planned to kick off in early 2021. The presentation was concluded by highlighting India’s contributions to Sri Lanka from an FDI perspective.
Ajith Perera, representing the FCCISL, spoke at length on the existing trade relations between the countries, with a focus on areas of improvement to the existing trade balance, as well as emerging opportunities for meaningful trade partnerships between the two business communities.