In collaboration
with the University of Jaffna and the Western Norway University of Applied
Sciences, the Norwegian Embassy in Colombo is hosting an expert panel
discussion at the Galle Face Hotel on Tuesday, 21 January 2020, entitled
"A New Decade: Investing in Clean Energy in Sri Lanka-Drivers and
Barriers."
Both Norway and
Sri Lanka are devoted to reducing carbon emissions and increasing the use of
clean energy technology to meet potential demands for electricity. In 2018,
Norway and Sri Lanka formed a partnership on clean energy, which includes
academics, researchers, and private companies from both countries.
Norway is also
helping Sri Lanka develop a mix of environmentally friendly sources of energy,
with a specific focus on increasing solar energy production in Sri Lanka. The
panel discussion is a forerunner to the opening on 24 January 2020 of Sri
Lanka's first floating solar power plant, built-in collaboration with Western
Norway Applied Sciences University and the University of Jaffna.
The local media
has reported that the investment forum would offer the perfect blend of
opportunities aimed at elevating institutional, corporate and individual
investors and business houses with a comprehensive set of rules for their
investment decisions, and act as an interacting opportunity for introductions
to potential foreign business partners with a view of creating
partnerships/investments in Sri Lanka.
The investment
forum is to be inaugurated on September 16 followed by a presentation on “Sri
Lanka’s growing consumer market and investment opportunity for development,” a
panel discussion on Strategies for Growth – Foreign Direct Investment, National
Export Strategy, Navigating the Operating Landscape including Regulations, Tax,
Forex, Land, Foreign Investment Viewpoint and Public-Private Partnerships, a
Presentation on Port City Colombo, B2B and G2B business matchmaking sessions
followed by a Strategic Networking Event facilitating participants to directly
network with Senior Ministers and Officials attached to various Government
Institutions in addition to participants from multiple other countries.
OSL Take: The
scheduled conference will bring in to focus the many business/investment
opportunities in Sri Lanka. Given the participation of all key state entities
in the confab, participants would be able to build initial contacts as well as
find out first hand the business/investment opportunities in Sri Lanka.
The government
of Sri Lanka is engaged in an aggressive development program, and the
continuous progress in developing the ease of doing business environment in the
country has expanded the business/investment opportunities in key economic
sectors. The country’s geographical positioning in the Indian Ocean and the
many trade agreements, as well as trade concessions enjoyed by Sri Lanka, have
made the country a business hub in the South Asian region.
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