China eyes more investment opportunities in Sri Lanka: PM (VIDEO)

Jan 21, 2016 (LBO) – Prime Minister Ranil Wickremesinghe said in Switzerland that Sri Lanka is expecting more investments from the China apart from the ongoing infrastructure projects.

“Infrastructure alone is not sufficient and we are discussing bringing more Chinese investments,” Wickremesinghe said at a press conference held during the World Economic Forum in progress in Davos, Switzerland.

“I think the Chinese government has also decided that some of its manufacturing industries should move out and Sri Lanka is one of the locations they are looking at.”

Within Sri Lanka there is a number of infrastructure development projects that have been funded by the Chinese government.

“We are now going ahead with some of these projects like the further development of the Hambantota Port and the Port City,”

“And are also looking at more participation in the logistics and real estate sector.”

The Sri Lankan Premier is scheduled to visit China in March this year.