BOI holds investment forum in Gujarat | Sunday Observer

BOI holds investment forum in Gujarat

BOI Chairman Mangala Yapa speaks at the investment forum in Gujarat
BOI Chairman Mangala Yapa speaks at the investment forum in Gujarat

The Board of Investment of Sri Lanka (BOI) held a Business and Investment Forum at the Gujarat Chamber of Commerce & Industry (GCCI) in Ahmedabad recently, targeting the Chamber’s membership. This forum was supported by the Sri Lankan High Commission in New Delhi and the Sri Lanka Consulate General in Mumbai.

Minister of Development Strategies and International Trade, Malik Samarawickrama led a business delegation to the event.

Over 100 businessmen from Gujarat representing diverse sectors were present at the forum, Gujarat is a leader in the field of cotton and dairy production in India.

President, GCCI, Durgash V. Buch said that Gujarat and Sri Lanka can be partners in promoting agro-processing industries, textile, petrochemicals, spices and tea. Of GCCI’s membership of 6,000, at least 1,000 members deal with Sri Lanka on a regular basis in sectors including refractories, pharmaceuticals, apparel, plastic packaging, starch, petroleum and petro products, tea and other agro-products.

“Sri Lanka also has an FTA with Singapore and Singapore in return has FTAs with countries like the USA, Turkey, Japan and China, which I believe our Gujarati entrepreneurs will take into consideration while investing in Sri Lanka,” he said.

Minister Malik Samarawickrema invited Indian investors to Sri Lanka, in order to enjoy it’s geographical advantages, port connectivity and efficiency, preferential tariff access to large markets (EU market in particular), highly trainable human resource pool and other benefits. “We are keen to promote manufacturing investment in order to provide employment for our people,” he said.

BOI Chairman Mangala Yapa, made a presentation on ‘Investment Opportunities in Sri Lanka’. This was followed by a panel discussion on ‘Doing Business in Sri Lanka’.