Commonwealth Region Investment Council Chairman positive about Sri Lankan FDI Outlook for 2020

Epic Lanka Technologies and Sri Lanka Telecom are signing an MoU to cooperate in the production of cutting-edge ICT products. Jonathan Marland is one of Britain's leading entrepreneurs and former Conservative Party Treasurer. He served as Trade Minister and Climate Change Minister. He is a managing director of international insurance firm Jardine Lloyd Thompson Plc and insurance company AppleClaim at Lloyd's, London.

He purchased Boots and Insurance Capital Partners from Hunter Wellington. Lord Marland is the chairman of Jubilee Holdings Ltd. and a director of Insurance Capital Partners Ltd., TestMatchExtra.com Ltd., and Wisden Cricketer Publishing Ltd. He is also Chairman of Tickets For Troops and Trustee of the London Young Musicians Foundation, Peggy Guggenheim Museum (UK), The Churchill Centre, The Atlantic Partnership and Invercauld Estate.

High Commissioner Sarah Hulton, Speaker Karu Jayasuriya, MP Ranil Wickremesinghe, MP Sajith Premadasa, MP Nimal Siripala de Silva, Prof. G.L. Peiris, MP Arundika Fernando, Admiral Prof. Jayanath Colombage, Nivard Cabraal, and Chairman Harry Jayawardene Aitken Spence were among those present for the congratulations.

At the dinner, Marland, Niranjan Deva Aditya, and Niro Cooke addressed the 40 distinguished guests with UK re-entering the global scene without the restrictions imposed by EU membership and the immense future opportunities created by the young people and SMEs of the developing Commonwealth at the heart of their addresses.

OSL Take: The Commonwealth Region Investment Council Chairman for the South Asia Region is visiting Sri Lanka to gain further knowledge on the country’s development agenda. The Commonwealth and its subsidiaries have already pumped in large amounts of monies for development projects covering several vital economic sectors.

Further improving the discussion between the World Bank and the Sri Lankan government would result in a further increase in development assistance to the island nation. This visit is an encouraging sign for foreign businesses/investors keen on doing business with Sri Lanka since the interest shown by multinational lending agencies would help secure funding for large scale projects.

The government of Sri Lanka now focused on increasing the inflow of foreign direct investments to the country. Contemplating the need to modernise the country’s laws to attract more foreign investments to Sri Lanka is a positive sign for international businesses/investors looking at doing business with the state.

Sri Lanka’s geographical positioning in the Indian Ocean, the ease of doing business environment in the country and the many trade agreements, as well as trade concessions enjoyed by the state, have made it an attractive business destination in the South Asian region. Given the strength and growth of the country’s private sector, foreign businesses/investors could explore business/investment opportunities in Sri Lanka. Also, international businesses could look at possibilities of forming partnerships with local companies and expand their businesses to other countries.

 VBS/AT/20200428/Z_TB2