Cablegate: Imi - Investment Opportunities in Sri Lanka

This record is a partial extract of the original cable. The full text of the original cable is not available.




E.O 12958: N/A
SUBJECT: IMI - Investment Opportunities In Sri Lanka

1. The National Chamber of Commerce of Sri Lanka will
present "Intrad 2003", an Exhibition and Investor Forum
on November 28 - 30, 2003 in Colombo, Sri Lanka. The
theme is "Regaining Sri Lanka - Invest in Our

2. "Intrad 2003" will feature 10 key sectors
identified for investment in infrastructure:
transport, power and energy, information and
communication technology, tourism, housing and
construction, agriculture and rural economy, education
services, banking and insurance, health services and
environmental services. Each responsible Sri Lankan
government ministry will showcase its investment
opportunities at this forum.

3. After two decades of ethnic conflict, the peace
process initiated in January 2002 has created a more
favorable environment for foreign participation in
infrastructure development projects. International
support of the peace process was shown by the $ 4.5
billion pledged for development and reconstruction at a
recent donor conference in Tokyo. Much of this money
will go towards reconstruction and infrastructure
development, and foreign investment is welcome.

4. Another attraction for investment is access to the
Indian market through the Indo-Lanka Free Trade
Agreement. By adding 35% value in Sri Lanka to many
products destined for India, manufacturers can
eliminate or significantly cut tariffs into the

5. "Intrad 2003" offers the opportunity for investors
to meet with and seek answers to all their queries
A. Ministries and their allied departments/agencies.
B. Investment promotion agencies such as the
Board Of Investment Of Sri Lanka.
C. Local and foreign companies who provide
support services to investors.
D. Local investors seeking investment
opportunities on their own or through joint

6. An information desk at the investor forum will
provide information on policy issues, government
guidelines and tender procedures, regulatory framework,
donor funding, investment opportunities in three key
sectors such as power and energy, transportation
air/land/sea and information and communication

7. The registration fee is US Dollars 200/-.

8. Sri Lanka Airlines, the official carrier for
"Intrad 2003" is offering discounts on their flights
for registered investors. Accommodation will be at
Hotel Galadari, Colombo.

For information please contact:

NCCSL Conventions
National Chamber Of Commerce Of Sri Lanka
450 D.R. Wijewardene Mawatha, Colombo 10, Sri Lanka
E-mail: or

Remarks: The U.S. Embassy would appreciate receiving
notification of U.S. firms' interest, which can be sent to:

Commercial Attach
U.S. Embassy
210 Galle Road, P.O. Box 106
Colombo, Sri Lanka
Phone: 94-1-2448007
Fax: 94-1-2437345


© Scoop Media

World Headlines


Myanmar: Military Must Stop Murdering And Jailing Protestors – Bachelet

UN High Commissioner for Human Rights Michelle Bachelet on Thursday said security forces in Myanmar must “halt their vicious crackdown on peaceful protestors,” following another day of deadly violence across the country on Wednesday... More>>

Syria: Economic Decline, Rising Hunger And Surging Humanitarian Needs

Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic needs, the UN Emergency Relief Coordinator told the Security Council ... More>>

OECD: Final Quarter Of 2020 Shows Continued Recovery In G20 International Merchandise Trade

G20 international merchandise trade continued to rebound in the fourth quarter of 2020 ( exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth ... More>>

Focus On: UN SDGs

UNFCCC: Greater Climate Ambition Urged As Initial NDC Synthesis Report Is Published

UN Climate Change today published the Initial NDC Synthesis Report, showing nations must redouble efforts and submit stronger, more ambitious national climate action plans in 2021 if they’re to achieve the Paris Agreement goal of limiting global temperature rise by 2°C—ideally 1.5°C—by the end of the century... More>>

2021: Critical Year To ‘reset Our Relationship With Nature’ – UN Chief

During this time of “crisis and fragility”, the UN chief told the United Nations Environment Assembly on Monday that human well-being and prosperity can be vastly improved by prioritizing nature-based solutions. Painting a picture of the turmoil ... More>>

Paris Agreement: UN Secretary-General António Guterres To Mark U.S. Reentry With Envoy For Climate John Kerry

Watch live at UN Secretary-General António Guterres will join U.S. Special Presidential Envoy for Climate John F. Kerry at an event marking the United States’ reentry into the Paris Agreement this Friday. The discussion with the Secretary-General ... More>>