“Why Invest in Sri Lanka?” Reception at the Embassy of Sri Lanka
10th March, 2011
Sri Lanka Ambassador in Russian Federation Udayanga Weeratunga was the keynote speaker at a seminar held in Moscow at the Ambassadors Residences last Thursday. Around 50 senior business executives, government representatives, and media representatives participated at this event, providing a unique opportunity to learn about the particularities of the Sri Lanka market. The theme of the seminar was “Why Invest in Sri Lanka”.
Without any doubt, Sri Lanka and Russia are different countries with different cultures, traditions, needs, market regulations and business environment. Despite the diversities, there has always been a close connection between our country and Russian Federation. Our recent political and economic development shows that Sri Lanka is one of the potential destinations for worldwide investors. The objective of this seminar was to help Russian investors adapt to the competitive environment by relocating their investments to low-cost Sri Lanka.
At this seminar, A few investment projects were also brought to the notice by Ambassador Weeratunga. Russian Investors received complete market information about Sri Lanka and additional details about the Kankasanthurai Cement Factory and Hambantota International Port & airport
Ambassador Weeratunga further stated “There are several investment opportunities especially for infrastructure development in the north east region. Through the Board of Investment of Sri Lanka, Sri Lanka Mission in Russia is ready to provide any assistance and support.
During the question and answer session, questions were raised by the participants which is clearly highlighted that the enthusiasm of Russian investors to do business with Sri Lanka.
