Sri Lanka a major attraction for FDI - Japanese Govt
The Japanese government affirms that out of all the developing
nations in the world Sri Lanka has become one of the major zones in the
global economy to attract Foreign Direct Investment (FDI).
The Japanese Parliamentary delegation with Premier D.M.
A delegation of Japanese Parliamentarians expressed these views with
Prime Minister D.M. Jayaratne at an official meeting held at the
Premier's official residence, Visumpaya on October 28.
President of the Japan - Sri Lanka Parliamentary Friendship
Association, Hirofumi Hirano and Director - Generals of the association
Toshiro Ishii and Hitoshi Hasegawa met Prime Minister Jayaratne in a bid
to enhance bilateral relations between the two countries.
The Japanese delegation pointed out that in order to increase the
flow of Foreign Direct Investment to the country the prevailing
infrastructure facility should be further developed and expanded.
They also affirmed that the Government of Japan is committed to
support Sri Lanka in this regard.
It is the need of the hour to develop the infrastructure facilities
required to revamp the earnings from the tourism sector since Sri Lanka
is famous as an exquisite tourist destination.
The delegation of Japanese MPs stressed that with the dawn of peace
the image of Sri Lanka as a major tourist the attraction has been
Prime Minister D. M. Jayaratne said that Korea and Iran have already
commenced large scale capital investments in the country. The primer
greatly appreciated the assistance provided by the Government of Japan
to Sri Lanka during the conflict and expressed the need to obtain
further mutual aid from Japan.
The rate of growth of Gross Domestic Product in Sri Lanka during the
second quarter of the year is 8.5%. The peaceful environment prevailing
in the country has greatly helped this exponential growth in the
In this regard Prime Minister expressed the need to gain
international assistance to sustain the rate of growth.
Japanese Ambassador to Sri Lanka Kunio Takahashi was also present
during the discussion.