July 21, Colombo: Sri Lanka's investment promotion agency, Board of Investment recently enlightened the business community of Israel about Sri Lanka's investment climate at a Business Forum held in Tel Aviv.
BOI Chairman Dr. Lakshman Jayaweera briefed the business community of Israel on the potential Sri Lanka has to offer to Israeli investors. His presentation covered Sri Lanka's strategic position, business friendly climate and attractive regime of incentives offered to investors. He was assisted by Duminda Premaratne, Deputy Director (Investment Promotion).
The Israeli private sector representatives present at the Forum included entrepreneurs engaged in a wide range of sectors such as Tourism, High-tech industries, Water, Energy, Medical equipment manufacturing, Apparel, Education, Manpower services, Agriculture, Dairies, Fisheries, Gem and Jewellery, Hospitals, Pharmaceutical, Construction and Trading.
Many of those present expressed interest in the opportunities available in Sri Lanka and the incentives that Sri Lanka currently offers investors.
Currently there are 5 Israeli Companies operating in Sri Lanka under BOI who are engaged mainly in Aquaculture, Agriculture, Jewellery and Fabricated metal products. The Israeli side at the Forum expressed interest in investing in Sri Lanka and agreed to send an Israeli business delegation to visit the country in October 2014, to explore opportunities for trade and investment.
The Sri Lankan delegation had the opportunity to meet with many leading Israeli entrepreneurs and explore possibilities of enhancing economic cooperation with Israel in the field of trade and tourism and investment.
The Israeli side has taken the Sri Lankan delegation on a visit to a High Technology farm near Tel Aviv where the latest methods of farming and irrigation were used.
The Israeli investors have shown interest to establish a large scale pharmaceutical manufacturing plant in Hambantota.