Indian Industrial Delegation looking to invest in Sri Lanka.

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) the apex private sector organisation in Sri Lanka in association with Project SMED (Small and Medium Enterprise Developers) is jointly organising the visit of an Indian Industrial Delegation. The delegates are Industrialists i…
The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) the apex private sector organisation in Sri Lanka in association with Project SMED (Small and Medium Enterprise Developers) is jointly organising the visit of an Indian Industrial Delegation. The delegates are Industrialists involved in agriculture machinery, industrial solvents and hydro carbons, kraft paper, printing paper and duplex board, stainless steel kitchen sinks, thermo mechanical treatment process, alloy casting, petrochemicals, and in the use of biomass and agro waste such as sawdust for the generation of power and energy.

A delegation of private sector industrialists, representatives from the public sector and non-governmental organisations from Sri Lanka visited New Delhi, sponsored by the National Cleaner Production Centre, in May 2004, to acquaint themselves with the work done in the area of waste minimisation, biomass and agro waste. As a result of this visit a high level Indian Industrial Delegation comprising from units involved in agriculture machinery, stainless steel, alloy casting, gem and jewellery, industrial solvent and hydro carbons, biomass, paper and pulp industry are due to visit Sri Lanka. Their visit to Sri Lanka will certainly benefit the local industrialists. A seminar and press conference is organised on 6th September 2004, at 2.30 p.m. at the Hotel Galadari for the promotion of bilateral cooperation between India and Sri Lanka to forge closer links between the two countries.

The Indian delegates are hopeful of meeting potential investors on 7th September 2004, at the Galadari Hotel from 9.00 a.m. to 1.00 p.m. those who are in the field of agriculture implements and tools, industrial solvents and hydrocarbons, kraft and writing paper and duplex boards, plywood door panels, ceiling tiles, MS and SS ingots, stainless steel kitchen sinks, steel rolling mills, thermo mechanical treatment process, alloy and ferrous casting, petrochemicals, paper and pulp industry, rubber, pesticides and agro based and waste paper processes in the use of bio mass and agro waste for the generation of power and energy.

With the growing increase of the price of energy the need for an alternative source of power generation to reduce cost of production is an area that the private sector has been looking at especially for the Small and Medium Enterprises. FCCISL has urged successive governments on the need for reducing the cost of power, in order for the Sri Lanka industrialists to compete in the global market.

It is in this light that the Federation of Chambers of Commerce & Industry of Sri Lanka in association with the Small and Medium Enterprise Developers (SMED) are forging closer links in promoting investment between Sri Lanka and India especially in the areas of biomass and renewable sources of energy.