Japanese plan to invest in Lankan Ayurveda, beauty culture sector

Ridma Dissanayake

Japanese investors are keen on investing in Sri Lankan Ayurveda and beauty culture sectors, ALBION Cosmetics Company Ltd. Chairman and Chief Executive Officer Shoichi Kobayashi said.Kobayashi is among a Japanese delegation in Sri Lanka looking into investment opportunities. The delegation comprises Tokyo Agriculture University lecturer Prof. Watanade Toshihiro and several personnel attached to the Japanese Ayurveda, agriculture and beauty culture sectors.

The delegation was in Sri Lanka as a result of discussions between President Mahinda Rajapaksa and Japanese MP Arai Hiroyuki during the President’s recent visit to Japan. “Japanese investors are ready to assist Sri Lankans to invest in Japan by introducing them to new methodologies and technical know-how. We are planning to setup a new research institute to conduct Ayurveda and beauty cultural experiments,” Kobayashi said.

“We hope to develop Ayurveda and beauty cultural sectors and export Sri Lankan products to other countries in the future,” he said. Sri Lanka Consul General in Japan Sunil M. Gamage and several Japanese and Sri Lankan investors were also also present.