Sunday Observer Online


Sunday, 3 October 2010





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Government Gazette

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. Jayaratne.

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 further strengthened.

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 economy.

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.


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