BOI hosts Chinese investor delegation
A delegation from the Chinese Industry Association of Manufacturers
of Weighing Machines visited the BOI to evaluate possibilities of
investing in the island. The 28 strong delegation representing 28
companies located in Beijing, Shanxi, Shanghai, Jiangsu, Nanjing,
Shenzhen and other cities in China. The companies belonged to the China
Weighing Instrument Association of China which has a 500 strong
membership of companies and is part of the National Council of Light
Industries of China. The BOI has actively promoted investors from China,
a country whose economy has recorded rapid growth, resulting in
significant overseas investments.
In 2011 Chinese enterprises invested US $ 10.4 million in Sri Lanka.
Chinese enterprises are already engaged in mega investment projects such
as Norocholai Power Station, the Hambantota Port, the Performance Arts
Theater, the Colombo South Harbour Development and other significant
projects.
As a result the BOI has over the year developed presentations and
promotional literature in the Chinese language aimed at Chinese
investors. The leader of the Chinese delegation was Liu Xiahua,
President of the China Weighing Instrument Association. The BOI was
represented by Gowri Rajapakse, Executive Director (Investment
Promotion), Dilip S Samarasinghe, Director (Media and Publicity) and
Kumudini Ratnaweera, Deputy Director (Promotion).
China manufactures a wide range of scales of weighing machines of all
types. These are marketed worldwide notably to the United States and to
the European Union. The Chinese enterprises were also interested in
meeting Sri Lankan enterprises who already manufacture weighing machines
and scales with a view of possible joint ventures. The visit by the
Chinese business delegation also included a visit to the BOI Zone at
Katunayake, to evaluate Sri Lanka's Export Processing Zones for future
manufacturing plants. |