Full country name: Democratic Socialist Republic of Sri Lanka
Area : 66,000 sq km
Population: 19.2 million
Capital City: Colombo
People : 74% Sinhalese, 18% Tamils,
7% Moor, 1% other
Language: Sinhalese, Tamil, English
Religion: 69% Buddhist, 15% Hindu,
8% Muslim, 8% Christian
Government : Republic
WHY INVEST IN SRI LANKA
Regional Trading Hub
Strategic Access to the Indian Market
Highly Literate & Cost Competitive Labour Force
Attractive & Transparent Laws
REGIONAL TRADING HUB
Sri Lanka is strategically located at the cross roads of both East & West sea routes.
Work is in progress to develop and upgrade port of Galle in the South and port of Trincomalee in the North coast of Sri Lanka. Newly constructed Hambantota port is only six nautical miles from the main sea route and it will be the largest port in Sri Lanka.
REGIONAL TRADING HUB Cont.
Bandaranayake International Air Port(BIA)
BIA is a regional hub of air transportation. Mattaka International Air Port at Hambantota is under construction and expected to be operative by 2012.
Global Logistic Hub
Sri Lanka will be developed as a global logistic hub in the South Asia region for trade investment.
REGIONAL TRADING HUB Cont.
Significant improvements of the infrastructure facilities throughout the country
Net work of roads are improved and new highways are coming up. This boost economic development to an appreciable extent. Further uninterrupted power supply will be ensured with the construction of new power plants. Non-Conventional Renewable energy sources such as Solar &Wind energy will also be utilized in the near future.
OPEN ECONOMY To day Sri Lanka is ranked as the most liberalized economy in South Asia
The 2010 Index of Economic Freedom published by the Heritage Foundation has ranked Sri Lanka 120th out of 179 developed and developing countries.
In the EIU’s country fore cast, Sri Lanka’s overall score in the business environment rankings improves from 5.39 (2004-2008) to 5.59 fro the forecast period (2009-2013)
OPEN ECONOMY Cont.
Sri Lanka is ranked highly for its liberal approach to foreign investments with its global ranking moving from 36th to 27th out of 60 countries and 8th to 4th out of 16 countries.
STRATEGIC ACCESS TO THE INDIAN MARKET Indo Lanka Free Trade Agreement clearly demonstrate the political goodwill between India & Sri Lanka
HIGHLY LITERATE AND COST COMPETITIVE LABOUR FORCE
We have the highest literacy rate in South Asia(92%) approximately 50% of the students are trained in Technical and business disciplines.
World Bank Development indicators 2000 Sri Lanka has the lowest labour cost per worker in manufacturing.
Establishment of Private Universities more and more qualified and trained hands will be available to have the industries and business enterprises within next two or three years.
ATTRACTIVE & TRANSPARENT LAW
When the Agreement is signed with the BOI the specific incentives granted to the company remain valid for the entire life of the company.
Bilateral Investment Agreements supported by constitutional guarantee provides strong protection for foreign investment.
Bilateral Investment Agreements are valid for ten years
A clause in the Sri Lankan constitution ensures the sanctity of agreement.
ATTRACTIVE & TRANSPARENT LAW Conti.
Multilateral Investments guarantee agency Sri Lanka is also a member of NIGA. This provides further safeguards.
Investors may refer disputes for arbitration under the rules of the International Chamber of Commerce.