Several groups of investors from the Republic of Korea are due to visit the island next month and January next year to consider investing in industries.
This was revealed by Korean Ambassador Choi Ki Chul when he met Enterprise Development and Investment Promotion and Media and Information Minister Anura Priyadarshana Yapa at his Ministry on Wednesday to discuss the provision of infrastructure facilities to the visiting investors.
Enterprise Development, Investment Promotion, Media and Information Minister Anura Priyadarshana Yapa in conversation with Korean Ambassador Choi Ki Chul when the latter called on the Minister at his Ministry on Wednesday.
Ambassador Chul said the visiting investors were involved in various fields including highways development, atomic energy, solar power generation, information technology, agricultural development, production of medical equipment and waste management.
The Korean government had launched a US$ 500 million fund to assist investment projects in Sri Lanka and it hoped to increase it to US$ 1,500 million in two stages.
Minister Anura Priyadarshana Yapa said the construction work on the Korean funded Matara Hospital extension project and Kalutara and Jaffna Vocational Training Centre projects were progressing.
Sri Lanka was pursuing the possibility of launching a ship building project as a joint venture with Korea. The Minister said he would summon relevant institutions for a meeting to solve problems and issues confronting Korean investors in Sri Lanka.
Courtesy: DailyNews
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