May 09, 2016 (LBO) – Czech Republic is currently looking for trade and investment opportunities in Sri Lanka, a business delegation headed by Czech Ambassador said.
The Board of Investment recently hosted representatives of leading Czech companies including Viktovice Power Engineering, Eldis, Fans, Skoda Doosan Power and Technoexport.
Ambassador Milan Hovorka brought to the attention of the BOI representatives, the areas of interest of the Czech Republic Companies.
These included projects in hydro power, radars for Airports, Aircraft maintenance and overhauling, Airport infrastructure, sugar production and many other areas.
Czech Republic is a highly industrialized Country and a member of the European Union.
Kantale Sugar plant was built by the then Czechoslovakia even though the current trade between Sri Lanka and the Czech Republic is small.
The Czech Republic imports 50 billion US dollars of product from Sri Lanka including textiles, garments and tea while Sri Lanka only imports about 10 million US dollars worth of Czech made products.
The meeting with BOI offcials is to be considered as laying the foundations for a ministerial level meeting between the two countries.
The sectors covered at the discussions were heavy machinery, radar systems, air traffic control, steel cylinders, vehicle and steam turbines, nuclear power systems, food, cooling towers, power generation and crude oil processing.