BOI hosts Malaysian biz delegation | Sunday Observer

BOI hosts Malaysian biz delegation

Two members of the delegation
Two members of the delegation

A five-member Malaysian business delegation headed by Chairman, Malaysia-Sri Lanka Business Chamber, Kulasegaram Sabaratnam was hosted by the BOI and briefed on the possibilities of investing in Sri Lanka.

The delegation has made several visits to Sri Lanka in the past and this visit was to participate at the ‘Sri Lanka Investment and Business Conclave 2018’.

The possibility of manufacturing furniture in Sri Lanka as one of the companies - British Seep Systems and Beds (BSSB) has vast experience in this sector and in fact currently exports to clients in the USA, Europe, the Middle East and also retails in the UK. This company is exploring opportunities in Sri Lanka.

Another company which is part of the delegation was looking at the service sector such as business process outsourcing and legal process outsourcing. The company is also interested in publishing, and more specifically books in the Tamil language.

One company represented was interested in the Unit Trust Industry and studying the opportunities available in Sri Lanka.

The leader of the delegation Sabaratnam also stated that his delegation were keen to examine the possibility of marketing Sri Lankan products in Malaysia and had scheduled meetings with important local stakeholders such as the EDB as well as individual entrepreneurs.

The BOI was represented by Ms. Nilupul de Silva Director (Investment Promotion), Dilip S. Samarasinghe Director, Media and Publicity and Manilal Ranasinghe Deputy Director, Investment Promotion.

Specific areas which the delegation did show interest was on the manufacturing solar panels in Sri Lanka, an area where the BOI has conducted extensive research in collaboration with Harvard University’s Kennedy School.

There are an estimated 22 Malaysian enterprises in commercial operation in Sri Lanka under Section 16 of the BOI Law and another 13 under Section 17.