Chinese biz delegation to meet Lankan counterparts
A 132-member business delegation representing 59 companies from the
Sichuan Province of China is in Colombo seeking trade and investment
The B-to-B meeting with the Sri Lankan counterparts is due to be held
today at the Galadari Hotel. The event has been organised by Sri
Lanka-China Trade and Investment Promotion Chamber (SLCTIPC).SLCTIPC
invites the business community to participate in this meeting, which is
The trade and investment discussions will be held under tea, tourism,
furniture, pharmaceutical, e-commerce, textile and garments and hotel
Chairman, SLCTIPC, Nihal Aluvihare said that this initiative aims at
attracting US $ 1 billion in investments from China in 2015.
"We are working to achieve this target and we have negotiated three
investment projects, a housing complex targeting luxury and semi luxury
housing demand with a US $ 200 million investment, saline production
factory with a US $ 20 million investment and a US $ 300 million hotel
project," Aluvihare said.
Another investor looking for an opportunity to produce building
materials will visit the country by the end of the month. The expected
investment is $500 million and he is looking for a local partner,” he
Aluvihare said that new trade opportunities are now open for
exporters in the largest international trade city, Chengdu. This
international trade city is a wholesale market like IWU.
According to the agreement signed by SLCTIPC with the trade city
authorities, 20 trade stalls have been allocated for Sri Lanka,
rent-free for three years. The shop spaces are now open for Sri Lankan
SLCTIPC has signed another agreement with North Chengdu International
City and Aluvihare said that new opportunities have been opened for Sri
Lankan exporters under this agreement too. For example in this trade
city a separate tower has been constructed for tea. It has an exhibition
centre, training centre and marketing centre and an area to display tea
brands. Sri Lankan tea exporters can use this opportunity to increase
exports, he said.