Archives

Netherlands assistance to support private sector investment in Sri Lanka

The Government of the Netherlands has introduced a new grant programme to assist Dutch and Sri Lanka companies to facilitate sharing part of the initial financial risks when investing in new products and technologies in Sri Lanka. The new funding arrangement entitled Programme for Cooperation with Emerging Markets (PSOM) would be available to undertake investment as well as trade projects. A typical PSOM project involves a mix of technical assistance, hardware supply and installation, marketing, demonstration and training.

The projects are tried out on pilot basis to assess the commercial feasibility of the investments, states a Fiance Ministry press release.

The average contribution per project is expected to be around EURO 500,000. The areas identified for cooperation are; agriculture and agro-business, textile and garment industry, physical infrastructure in Sri Lanka, information technology and tourism.

The programme is operational for two years initially with a target budget of four projects per year. The project proposals will be evaluated against the strategic interest, business and project plan, pilot character and additionality and development effects.

www.crescat.com

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries |

Produced by Lake House
Copyright 2001 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager