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::

* Sri Lanka a potential location for Japanese SMEs to invest - Japan's State Minister
Mon, Jul 28, 2014, 08:05 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 28, Colombo: Sri Lanka's strategically located new infrastructure such as Hambantota airport and port make the island a potential location for Japanese small and medium enterprises (SMEs) to invest, a visiting Japanese minister has said today.

Japan's State Minister of Economy, Trade and Industry Kazuyoshi Akaba said Sri Lanka is an option for Japanese SMEs looking for locations to invest, when he called on Sri Lankan President Mahinda Rajapaksa at Temple Trees Monday.

The primary focus of the discussion between the President and the Japanese Minister was enhancing the trade and economic relations between the two countries.

"We'd like to see new Japanese investors come to Sri Lanka," the President told the visiting Minister.

Akaba said that among the several million companies operating in Japan, more than 90 percent are small and medium enterprises (SMEs) that are trying to find new locations for investment for which Sri Lanka could be an option. He said that the new infrastructure such as the Hambantota airport and port, which are strategically located, would also be an added advantage for investors.

"I really strongly believe that countries like Sri Lanka and Myanmar have a lot of potential," the Minister said.

He also said that investors who had visited the country felt that the investment environment in the island was much better than they had expected, adding that Sri Lanka had "very big promising potential in the medium to long term."

Other topics discussed during the meeting included Japan's willingness to assist Sri Lanka with digital broadcasting technology and tourism. Minister Akaba said that the number of tourists from Japan to Sri Lanka is increasing and that Sri Lanka is becoming more popular among Japanese tourists.

While the President thanked Japan for its continued support to Sri Lanka at international forums, Minister Akaba said that President Rajapaksa's visit to Japan in March of last year and discussions between the President and Japanese Prime Minister Shinzo Abe made it possible for the two countries to renew their relations with each other and work towards further strengthening those bilateral ties.

Japan's Ambassador in Colombo Nobuhito Hobo and several other officials accompanied the Minister for the discussion.

Secretary to the Ministry of External Affairs Mrs. Kshenuka Seneviratne and Sri Lanka's Ambassador in Japan Admiral Wasantha Karannagoda were present during the discussion.

(Photos by Sudath Silva)

ColomboPage - Recent 10 Stories
INFOTEL ICT exhibition opens in Sri Lanka
-- [5 hours ago]
Sri Lankan Navy Commander to leave for India tomorrow on an official visit
-- [6 hours ago]
Sri Lanka's Northern Province CM's visit to India not yet decided
-- [6 hours ago]
Sri Lanka's Sabaragamuwa University to re-open on Monday
-- [6 hours ago]
Buddhist monk who abducted a 9-year-old boy in Sri Lanka remanded
-- [7 hours ago]
Sri Lanka 2015 Budget highlights
UN recognizes post war progress in Sri Lanka, works with government to resolve reconciliation issues
Former Power and Energy Minister of Sri Lanka clears himself of Rs. 1.5 billion fraud in coal purchase
New secretary to Sri Lanka Sports Ministry assumes duties
Commonwealth Secretary-General to visit Sri Lanka tomorrow

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.