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

Branson keen to invest in SL; meets PM in Davos


Comments / 6846 Views / Monday, 25 January 2016 00:08


IMG_9847

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


COMMENTS

Today's Columnists

SL can’t sit on the sidelines; we must join the race for trade and jobs

29 July 2016

Prime Minister Ranil Wickremesinghe speaking recently in Singapore     The Prime Minister’s move to fast-track the FTAs with Singapore and China and a revised ETCA is a good move. He knows we cannot...


Jaffna University – When entitlement is rejected

29 July 2016

On 16 July, a clash happened between students at Jaffna University over the inclusion of Sinhalese cultural spectacles in the welcome event. Below is a brief of the events but a more in-depth report of the goings-on can be found on DBS Jeyaraj&rsq...


The New Republic: Making it or Faking it?

29 July 2016

A week and more ago, those of us who remembered celebrated humanity’s greatest adventure yet: our first (manned spacecraft) moon landing on 20 July 1969. And yet a significant segment of web-crawlers still believes that the whole operation w...


The Development (Special Provisions) Bill and the Coalition Government

28 July 2016

“The proposal made by Hon. Prime Minister, Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs, to publish the Sri Lanka Sustainable Development Bill in a gazette and present the same in Parliament...


Columnists More