Home / Front Page/ Sri Lanka’s growing economy attractive for Finnish investors: visiting Finland Deputy Minister

Sri Lanka’s growing economy attractive for Finnish investors: visiting Finland Deputy Minister


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 12 June 2018 00:55


By Chathuri Dissanayake 

The growing Sri Lankan economy presents an attractive investment opportunity to Finnish investors with different avenues for partnership in the future, Finnish Deputy Minister of Economic Affairs & Development Petri Peltonen said, in an exclusive interview with the Daily FT.

Appreciating the country’s growing and stable economy, the visiting Deputy Minister said the geographical location is also another attractive feature to lure in new foreign investment to Sri Lanka.

“The Sri Lankan economy is very interesting, it’s growing, Sri Lanka’s location as a hub, not only to do business here but also to access the South Indian and South Asian markets is an interesting opportunity to the Finnish companies,” Peltonen told Daily FT. “This coupled with a growing and more stable economy are two good reasons to consider Sri Lanka for investments.”

Peltonen also said that the skilled labour force with a good command of English available in the country are also positive factors working to Sri Lanka’s advantage.

The Deputy Minister is on a three-day visit, leading a delegation comprising of public and private sector representatives and focused on forming new partnerships to exchange expertise on a number of key areas, including health, education and digitalisation as well energy generation. The delegation, which includes representatives from the private sector will sign three Government-to-Government MoUs and four Business-to-Business MoUs today.

“We have commenced a new era of partnership between the two countries, the economic and business cooperation is now the driving force,” he said, speaking of the renewed ties between the two countries since Prime Minister Ranil Wickremesinghe’s visit last year.

“The Prime Minister highlighted that there are two areas for us to work in cooperation between the two countries – one is energy, and the other is digitalisation. They are broad themes, but of course highly relevant,” Peltonen said, speaking of plans for cooperation in future.

The MoUs signed indicate the clear interest and commitment into partnership, both at the level of Governments and the private sector, he said.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Warriors who fight for a larger purpose

Friday, 17 August 2018

Are women more naturally inclined to cooperation than men? Sulochana Sigera’s impassioned statement at last week’s Women in Management Awards seemed to suggest so. Addressing the under-representation of women decision-makers, Sigera pointed to th


Do we sink or swim? No Michael, row the boat ashore!

Friday, 17 August 2018

Why Sri Lanka needs to strengthen geopolitical ties to be a competitive global economy by 2030


Sri Lankan people want leaders to be decisive

Friday, 17 August 2018

The different leaders we have seen in Sri Lanka in the last 40 years beginning with JRJ to the current President were very different in their approach to power and authority, based on their cultural values and understandings of the leadership style.


The strategic role of the finance function: The path to relevance

Thursday, 16 August 2018

During my term as Global President of CIMA nearly a decade ago, the theme I chose for my year of leadership was a single word – ‘relevance’. The word relevance is perpetual. It is contextual to when it is used. It is extremely applicable to the


Columnists More