Home / Front Page / Branson keen to invest in SL; meets PM in Davos

Branson keen to invest in SL; meets PM in Davos

Comments / 7121 Views / Monday, 25 January 2016 00:08


Billionaire Richard Branson is expecting to travel to Sri Lanka to explore new investment opportunities presented under the new Government, according to discussions with Prime Minister Ranil Wickremesinghe on the sidelines of the World Economic Forum. 

The duo, meeting in Davos on Friday, had discussed the new political environment of Sri Lanka, which began with the election of President Maithripala Sirisena in January of 2015 and the fresh economic and political changes that have been rolled out since then. 

Branson, who heads the Virgin Group and is estimated to be worth as much as $ 5.1 billion by Forbes Magazine, was also updated on the Government’s ambitious investment agenda that aims to attract $ 5 billion within the next three years. 

Finance Minister Ravi Karunanayake had apprised Branson of the growing industries in Sri Lanka, paying particular attention to tourism, which has boomed since the end of the war in 2009. Branson had indicated a “strong inclination” to invest in Sri Lanka, according to a media statement released by the Prime Minister’s Office.          

Share This Article


Today's Columnists

Penalty for wilful violation of social contracts?

26 October 2016

   Leaders must be aware that continuous wilful violation of the Social Contract is bound to generate unexpected spontaneous negative public reactions which will not only be damaging to the public image of the Yahapalanaya leader...

Reforms drive up country brand value 

25 October 2016

Pakistan grows by 38% to $ 128 b in 2016 Sri Lanka grows by 9% to $ 74 b Latest research reveals that a country’s image has a positive correlation on inward investment, adding value to expo...

The challenge of creating a fine tourism product

25 October 2016

Marketing a country is like marketing a product. They must both ideally entice the customers by offering a functional benefit which also provides a motivating emotional experience. Others offering a similar product will endeavour to do the same. T...

Why Sri Lanka needs one million jobs by 2020

25 October 2016

An opponent of trade liberalisation has recently tried to score a cheap debating point by questioning the need to create one million jobs. His argument has been that the official statistics showed only 400,000 unemployed persons.  If ...

Columnists More