Coherent policies needed to attract FDIs - ICCSL
Investment policies in Sri Lanka have to be further restructured to
attract more Foreign Direct Investment (FDIs), Chairman, International
Chamber of Commerce of Sri Lanka (ICCSL), Keerthi Gunawardane told the
49th Annual General Meeting and 60th anniversary celebration of the
ICCSL in Colombo on Thursday.
Chairman, ICCSL, Keerthi Gunawardane.
Pic: Shan Rambukwella
“The ideal solution for Sri Lanka to increase the overall amount of
foreign direct investment is to focus on improving the environment for
investment by implementing coherent and consistent policies. Without
coherent policies, Sri Lanka will continue to struggle in attracting
good FDIs,” he said.
“If that happens, we are likely to be rewarded with increased
investment and we will a have the opportunity to develop our industry
The ICCSL will play a crucial role as a facilitator to create the
much-needed business links with potential entrepreneurs at home and
abroad,” Gunawardane said.
He said that Sri Lanka and China should work closely in the future to
better reap future growth targets set by the government.
ICC has been a pioneer in the fight against corruption, issuing in
1977 its first version of the ICC Rules of Conduct to combat Extortion
and Bribery. ICC is on the forefront in the development of ethics,
anti-corruption and corporate responsibility advocacy codes and
guidelines, providing a lead voice for the business community in the
rapidly changing world.The ICC Rules are a method of self-regulation by
international business and constitute what is considered good commercial
practice in fighting corruption.
The ICC Rules on Combating Corruption respond directly to the G20’s
call and to UNCAC’s need that business step up its efforts to fight
The International Chamber of Commerce of Sri Lanka (ICCSL) is the
national body representing the International Chamber of Commerce (ICC),
the body that speaks with authority on behalf of enterprises from all
sectors in every part of the world on international trade, investment
systems and market economy.