Honeywell boss meets Deputy Minister

Chairman and CEO of Fortune 100 Company, Honeywell Corporation, David M. Cote, met Deputy Minister of Highways and Investment Promotion Eran Wickramaratne at the Ministry at the World Trade Centre last week.

Honeywell is a diversified US$79 billion company, with expertise in aerospace, automation and control systems, computing, performance materials and technology. It has 132,000 global employees.

Cote is the Co-Chair of the India-US Business Council and is a Board member of the New York Federal Reserve. Deputy Minister Wickramaratne said, "This company overwhelmingly employs scientists, R&D specialists and high-end IT professionals and would be a boon to our workforce."

He said the company which employs over 12,500 in India was attracted to Sri Lanka following positive political and economic developments here.

"We had a good discussion, covering issues such as the ease of doing business here, taxation and labour laws," the Deputy Minister said.

Chairman, Board of Investment, Upul Jayasuriya and Executive Directors Duminda Ariyasinghe and Renuka Weerakone were also present.

Cote was accompanied by a high powered team from key functional areas.