Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Japan to boost investments in Sri Lanka industries
Sat, Aug 23, 2014, 10:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 23, Colombo: Sri Lanka's Minister of Economic Development Basil Rajapaksa Chairman of Japan Sri Lanka Enterprise Committee Thadai Suki recently discussed enhancing Japanese investments in Sri Lanka's industries.

The Minister pointing out that the two countries have been enjoying a successful business relationship for a long time noted that Japanese Government has made major scale investments in Sri Lanka enabling a large number of Sri Lankans to be employed in Japanese factories in Sri Lanka and earning a heavy volume of foreign exchange.

He said Sri Lanka is taking measures to promote exporting vegetable, fruits and ornamental foliage employing modern techniques.

"We have opened a tissue culture Centre at Gampaha and we are constantly getting advice and observations from local universities," he told the Japanese representative.

The Minister noted that a great demand for pineapple with a taste endemic to Sri Lanka exists in the Middle East market and action will be taken through this tissue culture center to promote appropriate varieties of pineapple.

According to the Minister, local cultivators will be encouraged to breed plantains, mangoes, vegetables and flowers which will be cultivated in home gardens as well as major scale plantations. Export oriented cultivation of plantains, mangoes and pineapple is already taking place in remote areas like Moneragala and Hambantota.

The Minister also highlighted that the country's apparel industry has reached highest proportions as apparels of highest quality are being produced in Sri Lanka.

However, 90 of raw materials required for the industry is imported and therefore, the Minister urged that factories for production of raw materials required for the production of apparels be started with Japanese investments.

"Since our labor resources are knowledgeable, efficient and friendly, it will be easy to achieve productions of higher quality," he said.

Minister further stated that the government is ready to provide requisite facilities and assistance for the production of medicines and apparels etc.

The Chairman of Japan Sri Lanka Business Committee commending present development achieved by Sri Lanka said the Japanese investors will be able to dispatch their production to reach their anticipated destinations with little cost, thanks to the improved transport facilities in the island including super highways.

He said there is a big demand for Ratnapura gems and gem related productions in Japan and measures will be taken to improve them further. He also stated that Japanese assistance will be extended to Sri Lanka to find a special place for Sri Lankan plantains in the world market and also to improve fish exports from Sri Lanka.

ColomboPage - Recent 10 Stories
SAITM Medical faculty will be abolished after integration of students to KDU - Higher Education Minister
-- [13 minutes ago]
Sri Lanka receives the US$ 584 mn third payment of Hambantota Port deal from Chinese company
-- [1 hour and 31 minutes ago]
Sri Lanka committed to eliminate barriers to business environment, facilitate investments- Finance Minister
-- [2 hours ago]
IMF expects Sri Lanka's economy to gradually normalize but says vulnerable to shocks due to high debt
-- [3 hours ago]
Pakistan reaches out to uplift Sri Lankan youth through scholarships
-- [5 hours ago]
Sri Lanka government urges people to share information on missing persons with the OMP
-- [5 hours ago]
Striking postal employees to launch indefinite fast from today
Retired Senior DIG Ravi Waidyalankara re-appointed to head FCID
Commercial Bank adjudged Best Internet Bank in Sri Lanka for 3rd year in a row
Two Australians killed in road accident on expressway in Sri Lanka

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.