Increase in Chinese investments

CEO'S FORUM: Chinese joint ventures and collaborative projects will promote more foreign investment to Sri Lanka, Enterprise Development and Foreign Investment Development Minister Rohitha Bogollagama, said.

Speaking at the first China-Sri Lanka CEOs Summit organised by the Asian Capital Forum (ACF) in China yesterday at the BMICH, he said Sri Lanka has achieved a significant growth in the telecommunication sector.

There is an overall investment of nearly US$ 70 billion in this sector and more investments are expected", he said. The Minister said Chinese investments have been high in the construction and highways sector The country seeks more investments for the plantation, agriculture sectors and for cool room facilities for the fishing industry.

Fifty Chief Executive officers based in China and 100 Sri Lankan CEO's are expected to establish business links for the economic benefit of both nations at the Forum.