Sri Lanka opens investment office in Shanghai

Sept 19, 2008 (LBO) – Sri Lanka has opened an investment centre in Shanghai and appointed an official of the Shin Kwan Group, a big investor in the island, as the honorary representative of the investment promotion agency. The Sri Lanka Centre in the Chinese port city is aimed at boosting bilateral economic relations between the two countries and promoting investment opportunities in Sri Lanka, the foreign affairs ministry said in statement.

It also said S P Tao of Shin Kwan Group, a leading investor in Sri Lanka for many years, had offered his premises at the Shanghai Mart to showcase Sri Lankan products in eastern China.

Tao’s group is presently building one of the largest commercial and housing complexes in the heart of Colombo.

The foreign ministry said Lee Kang Ho, chief representative of Shin Kwan Group, has been appointed as the honorary representative of the Board of Investment of Sri Lanka in Shanghai.

“This would facilitate the promotion of investment opportunities in Sri Lanka by potential Chinese entrepreneurs through the Sri Lanka Centre.”

The Sri Lanka Centre will showcase Sri Lankan products under one roof in order to market them in eastern China and attract investment to Sri Lanka.