UK MPs discuss investments

Addressing a delegation comprising United Kingdom Parliament Members, Finance and Planning Deputy Minister and Senior Presidential Advisor Dr Sarath Amunugama said that Sri Lanka is well positioned in her economic growth and reaching eight percent growth rate as targeted.

The delegation consisted of United Kingdom Parliament Members, Stephen Hammond (Wimbledon), Emma Reynolds (Wolverhampton NE), David Amess (Southend West) and the Lord Sheikh (House of Lords, Westminster).

The UK Parliament Members had discussions with Dr Amunugama on matters pertaining to investments in Sri Lanka.

During the discussions Dr Amunugama said the central part of the country is covered with tea plantations and this sector was managed by British companies during the British Government was administering this country some decades ago. "To keep up this industry, your countrymen were involved with large investments here. Therefore the investment rapport between your country and Sri Lanka is long standing," he said.

The doors for investments in Sri Lanka are opened and there could be no doubts for investors to commence business enterprises or projects since the war is now ended, Dr Amunugama said. "It is easy to transact with your country because we both communities mostly talk English.

All the sectors in Sri Lanka including the hospital sector are progressing on a large scale.

Another important fact is most countries including India are eyeing Sri Lanka to invest in various business ventures. Sometime back we had trade negotiations with India and the Indian Government readily granted us Rs 3 billion, Dr Amunugama said.