|
|
 |
 |
| Sunday, 5 January 2003 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Lanka seeks Indian investment Statesman News Service, KOLKATA - The Sri Lankan Government is keen to reconstruct its economy through private participation in line with the growing globalisation in the subcontinent, Mr. Rohitha Bogallagama, the island's Industries Minister, said here. Addressing a meeting organised by the Bengal Chamber of Commerce and Industry, he said that his Country was looking for investments from India and Pakistan to ensure an export-led growth, especially in power, tea, jewellery, leather, fishing and the IT sector. Responding to the invitation local industrialists also made interested queries. "With the import duty in Sri Lanka now at a low level, export of machinery and raw material to that country is more lucrative than ever. Attractive tax holiday schemes are also in the offing for entrepreneurs willing to set up plants there," said Mr. Bogallagama. "Our Government is keen to have private investment in power generation, both in traditional and renewable energy sectors, crude oil extraction and mining. We are also hopeful about getting positive response from Indian tea companies for setting up joint ventures," the Minister said, adding "We would also encourage India's industrial intervention in upgrading modes of paddy production in our country." Promoting the shoe industry was one of the Government's priorities, Mr. Bogallagama said. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
