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BOI Director General Sanjaya Mohottala[/caption]
United Nations Industrial Development Organisation (UNIDO) ITPO Tokyo hosted a webinar on “Investment Opportunities in Export Processing Zones in Sri Lanka” with the Board of Investment of Sri Lanka (BOI) and the Embassy of Sri Lanka in Japan recently, supported by Japan External Trade Organisation (JETRO).
UNIDO ITPO Tokyo Head Yuko Yasunaga commenced the programme, creating a positive sentiment towards the investment environment in Sri Lanka.
Highlighting Sri Lanka’s strategic location, Embassy of Sri Lanka in Japan Charge d’Affaires Chandana Weerasena’s introductory speech detailed a number of points encouraging the Japanese business community to consider Sri Lanka as an investment destination.
Presenting the key macroeconomic priorities of the newly appointed Government, BOI Director General Sanjaya Mohottala introduced the new targeted strategic sectors for foreign investments.
“Effective management of the Covid-19 pandemic has not only seen low numbers in terms of fatalities and spread, but has also resulted in national exports breaching the $ 1 billion mark last month. Thus, I think you will agree with me in this regard that the economic outlook for Sri Lanka is quite positive, given the circumstances of 2020,” Mohottala stated.
Introducing the Katunayake, Mirigama, and Hambantota export processing zones (EPZs) as potential locations for Japanese investments, BOI Executive Director of Investment Promotion Prasanjith Wijayatilake elaborated on investment opportunities in manufacturing auto components, pharmaceutical products, medical devices, and electric and electronic components, as well as in the logistics sector. His presentation also detailed the fiscal incentive packages offered by BOI.
Next, Motoji Suzuki, Managing Director of Kohoku Lanka, a company manufacturing optical communication components, presented a testimonial on his company’s operation during Covid-19. He specifically commended Sri Lanka’s successful operation in controlling the pandemic compared to other countries in the region.
Shigeki Nakagawa, Chairman of Nakagawa Corporation, the parent company of Tropical Findings located in the Katunayake EPZ, shared the company’s 40 years’ experience of producing jewellery components in Sri Lanka. Highlighting Sri Lanka’s investment advantages, he provided special insights into the country’s high level of education, quality workforce, good security, pleasant living environment, and supportive free trade agreements (FTAs).
The webinar concluded with an emphasis on the years of mutual trade and investment between Japan and Sri Lanka dating back to 1971, highlighting Japanese contributions to multiple sectors, which is a solid foundation to attract more foreign direct investments (FDIs) from Japan.
BOI Director General Sanjaya Mohottala[/caption]
United Nations Industrial Development Organisation (UNIDO) ITPO Tokyo hosted a webinar on “Investment Opportunities in Export Processing Zones in Sri Lanka” with the Board of Investment of Sri Lanka (BOI) and the Embassy of Sri Lanka in Japan recently, supported by Japan External Trade Organisation (JETRO).
UNIDO ITPO Tokyo Head Yuko Yasunaga commenced the programme, creating a positive sentiment towards the investment environment in Sri Lanka.
Highlighting Sri Lanka’s strategic location, Embassy of Sri Lanka in Japan Charge d’Affaires Chandana Weerasena’s introductory speech detailed a number of points encouraging the Japanese business community to consider Sri Lanka as an investment destination.
Presenting the key macroeconomic priorities of the newly appointed Government, BOI Director General Sanjaya Mohottala introduced the new targeted strategic sectors for foreign investments.
“Effective management of the Covid-19 pandemic has not only seen low numbers in terms of fatalities and spread, but has also resulted in national exports breaching the $ 1 billion mark last month. Thus, I think you will agree with me in this regard that the economic outlook for Sri Lanka is quite positive, given the circumstances of 2020,” Mohottala stated.
Introducing the Katunayake, Mirigama, and Hambantota export processing zones (EPZs) as potential locations for Japanese investments, BOI Executive Director of Investment Promotion Prasanjith Wijayatilake elaborated on investment opportunities in manufacturing auto components, pharmaceutical products, medical devices, and electric and electronic components, as well as in the logistics sector. His presentation also detailed the fiscal incentive packages offered by BOI.
Next, Motoji Suzuki, Managing Director of Kohoku Lanka, a company manufacturing optical communication components, presented a testimonial on his company’s operation during Covid-19. He specifically commended Sri Lanka’s successful operation in controlling the pandemic compared to other countries in the region.
Shigeki Nakagawa, Chairman of Nakagawa Corporation, the parent company of Tropical Findings located in the Katunayake EPZ, shared the company’s 40 years’ experience of producing jewellery components in Sri Lanka. Highlighting Sri Lanka’s investment advantages, he provided special insights into the country’s high level of education, quality workforce, good security, pleasant living environment, and supportive free trade agreements (FTAs).
The webinar concluded with an emphasis on the years of mutual trade and investment between Japan and Sri Lanka dating back to 1971, highlighting Japanese contributions to multiple sectors, which is a solid foundation to attract more foreign direct investments (FDIs) from Japan.