BOI tells German investors: take a fresh look at Lanka
The Board of Investment of Sri Lanka (BOI) has conducted a successful
investment promotion mission to Germany, targeting key business leaders
in three cities.
The highlight of the mission was a well-attended investment promotion
seminar at the offices of the German Chamber of Commerce and Industry (IHK)
in the financial capital of Frankfurt on Main.
The meeting was organised by the BOI in collaboration with the German
Asia Pacific Business Association (OAV) and Federation of German
Industries (BDI).
Executive Director (Investment Promotion) of the BOI, Duminda
Ariyasinghe said Sri Lanka was at the threshold of a strong growth
trajectory.
While on one hand the conflict in Sri Lanka was nearing an end, the
country was ideally placed to benefit from the economic boom in South
Asia, thanks to its strategic location and preferential trading
agreements with India and Pakistan.
Ariyasinghe said that no investor or foreigner had ever been harmed
by the conflict in the island.
He outlined the key incentives and facilities available to German
investors in Sri Lanka.
Three of the existing German investors in Sri Lanka presented case
studies on their experiences in the island.
Wiestaw Kramski, Chairman, Kramski GmbH who visited Sri Lanka in 1993
spoke of the success of his venture.
Kramski said that despite some teething problems, his Sri Lankan
operations had become very profitable.
He said the productivity of 50 German-trained Sri Lankan workers was
equal to standards in Germany.
Kramski which employs 190 people plans to double production, he said. |