Pakistan-Sri Lanka Business Forum:
Sri Lankan companies show keen interest
Many Sri Lankan companies showed their interest in taking their
ventures to Pakistan at the Pakistan - Sri Lanka Business Forum, which
was held in Colombo on Monday. Sri Lankan companies in mini hydro power
projects, boat manufacturing and education made several inquiries from
the Pakistan State Minister and Board of Investment Chairman Saleem
Mandviwala at the forum.
Industrialists in cement industry requested from the Pakistan
authorities to further facilitate the cement industry in Sri Lanka, as
Pakistan is one of the major suppliers of cement to Sri Lanka.
Another Sri Lankan exporter requested the Minister to consider
importing more copra from Sri Lanka. The Federation of Chambers of
Commerce and Industry Sri Lanka (FCCISL) Past President, Nawaz Rajabdeen
proposed to the Pakistan authorities to look at the possibilities of
taking up the Embilipitiya Paper Mill, the Ceylon Ceramic Corporation
and the Kantale Sugar Plant as the Sri Lankan Government is now
considering revamping these ventures with private sector participation.
The Pakistan authorities replied with a positive note that they will
request the Pakistan business Chambers to consider this good
Pakistan State Minister and Board of Investment Chairman Saleem
Mandviwala said that there is a huge scope for mini hydropower projects
in Pakistan and they expect to commence projects through Private Public
Partnerships (PPPs). Education is another prospective industry in the
country where Pakistan will grant necessary concessions for the
investors, he said.