Minister Bathiudeen announced this to the 13 member Chinese investment delegation that made a courtesy call on him on 30 March in Colombo. The Delegation was organised by Beijing based Sino-Sri Lanka Rich Investment, led by Ms Song Jien Hua, its Chairwoman.
The 13 member Chinese Business delegation arrived as part of the overall 150 Chinese business group that arrived in Colombo to take part in the Sri Lanka Expo 2012 organised by the Export Development Board under the Ministry of Industry and Commerce.
The delegation comprised of powerful, state of the art have state-of-art technology players in fertilizer, port development, energy, petrochemistry, cement, and machinary. “We are now hoping to invest $ 50 Bn in Hambanthota Trade City Project, hoping to establish an international port that can compete with the Singapore port in 10 to 15 years and can bolster up Sri Lanka's ambition to be the hub of shipping in south Asia. We want to invest US $ 50 billion in this project” revealed Ms Song Jianhua and added: “We had a good experience during this visit to Sri Lanka and believe the country has investment promise. We are committed to creating jobs and promote economic growth in Sri Lanka with financial strength.”
Responding to the Delegation, Minister Bathiudeen said: “The Expo 2012 and also the conducive business and investment environment you see today in Sri Lanka is a result of the development vision of His Excellency Mahinda Rajapaksa, our President. Last year we recorded 8.3% GDP growth and the safety of foreign investments in Sri Lanka are guaranteed by the constitution, some reasons Expo 2012 became a success. Under the directive of His Excellency Mahinda Rajapaksa we are now planning to host this international series once in every two years. As a result, our next ‘Sri Lanka Expo’ series is now being primed to be held in early 2014. We are ready to extend any form support as you may require when you come to invest with us” Minister Bathiudeen assured.
Source-Mdia Unit-Minister of Industry and Commerce
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