Terranova in Lanka to finance mega investments

Brazilian company, Terranova Participacoes Ltda. has identified Sri Lanka as the preferred location for the development of mainstream industry.

Prof. Gilberto Moreira

Terranova, Managing Director Prof. Gilberto Moreira is conducting a study tour to Sri Lanka to understand the country and identifying opportunities for development.

Prof. Moreira met Asset Holdings, Group Chairman and through a lengthy exchange of ideas, they decided to form a partnership to develop new mainstream industry in Sri Lanka.

Prof. Moreira says that Brazil built its position as the world's 10th largest economy in the last 50 years and believes that Sri Lanka can also achieve similar success.

Prof. Moreira added that the courageous action, leadership and determination of President Mahinda Rajapaksa to lead the way to a peaceful Sri Lanka built the foundations for a prosperous future of the country.

(See page XV for interview)