Sri Lanka

President says SL a good investment environment


Sri Lankan President, Mahinda Rajapaksa has told South Korean businessmen that Sri Lanka is now a good environment in which to invest.

Speaking on an official visit to South Korea, according to a Defence Ministry press release the president stated that “the Sri Lankan economy grew by 8.3 per cent in the year 2011, following an 8 per cent growth in 2010. This was the first time that Sri Lanka recorded an economic growth over 8 per cent in two consecutive years. Such an achievement was possible because we were able to successfully end the three decade long terrorism conflict in our country, and provide a new platform for the Sri Lanka economy to grow and prosper”.

The president went on to say that “all our economic sectors, agriculture, industries and services are performing well, and we are today able to provide a robust new investment destination as a frontier country to the rest of the world. In that background, many investors realize that Sri Lanka is well poised to offer a safe and sound investment opportunity to its many foreign investors and are working closely with many of our own companies to strike new relationships that are of mutual benefit. The main areas in which we are looking forward to welcoming new investments are in the fields of infrastructure, port related activities, aviation services, knowledge based industries, tourism and leisure industry and commercial services”.

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