Sri Lanka’s mission to Japan facilitated the matchmaking of investors across various sectors at the first-ever country-specific Sri Lanka Virtual Investment Forum (SLIF), concluded two weeks ago.
The 220 potential investors that the mission attracted through its outreach and marketing efforts included a cross section of segments comprising software, pharmaceuticals, agriculture and manufacturing where Sri Lanka has a comparative advantage as a low-cost, high-quality working environment and access to 1.6 billion Free Trade Agreements with India and Pakistan.
Another commonality and potential that was highlighted was in the area of agriculture with a small farm size in both countries and the ability to transfer Japanese technology to increase crop yields and productivity. Japan and Sri Lanka, Chairman of BOI, Chairman Noritake-Japan Ltd, CEO of Colombo Stock Exchange, Country Director of JETRO as well as Chairman Dockyard Sri Lanka and Chairman of Expo Lanka Pvt Ltd.
Japanese officials including the Ministry of Economic Trade and Industry (METI), Japan Industry International Cooperation (JICA) were commended for the informative session and the positive responses received from potential investors.
The Chief Representative of JICA in Sri Lanka said Tetsuya Yamada, “Congratulations on the great success of the Investment Forum, which provided a lot of useful information and made me feel the investor appetite for Sri Lanka.