$25 million investment from the US discussed

09th August 2009, www.sundaytimes.lk

Investment proposals under discussion from the US, is expected to generate over US$ 25 million in investments in Sri Lanka, said a statement from the Sri Lanka Consul General’s Office, Los Angeles.

Sri Lanka’s Consul General in Los Angeles, Ananda Wickramasinghe, and the Board of Investment, launched an investment promotion campaign in the West Coast of USA, in July.

“It is expected that all of the investment projects discussed during one-on-one meetings, as well as during the dialogue sessions would bring over US$25 million of foreign investment to Sri Lanka at its realisation, which would assist generation of employment opportunities for several hundred Sri Lankan workers,” the statement added.

Through the promotional campaign Sri Lanka has identified several investment projects in the areas of shrimp farming, manufacture and regional distribution of automobile spare parts for Japanese vehicles, a 100 acre organic eco-park, a television assembling plant, a residential development project, a Call Centre, a manufacturing facility for telephone equipments and a dairy farm.