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Investment Opportunities in Sri Lanka

Investment Opportunities in Sri Lanka. Agenda. Brief profile of Sri Lanka Infrastructure facilities available for investments Investment opportunities Business environment BOI and BOI incentives Discussion. 1. Brief profile. Key economic indicators - 2008 .

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Investment Opportunities in Sri Lanka

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  1. Investment Opportunities in Sri Lanka

  2. Agenda • Brief profile of Sri Lanka • Infrastructure facilities available for investments • Investment opportunities • Business environment • BOI and BOI incentives • Discussion

  3. 1. Brief profile Key economic indicators - 2008 Source : Central Bank of Sri Lanka, 2008

  4. Brief profile contd… Gross Domestic Product (GDP) growth rate in Sri Lanka 2002-2007 Source : Central Bank of Sri Lanka

  5. Brief profile contd… FDI Trends (2001-2008) US$ Mn. Source : Board of Investment of Sri Lanka

  6. 2. Infrastructure facilities Colombo Airport • Passenger movement • 5 Mn /Per annum • Cargo movement • 250,000 tons / Per annum • Highest number of flights to • India from any country

  7. Colombo South port development (under construction) Infrastructure facilities contd… Colombo Port • No. 1 in South Asia • Total container throughput 4 Mn. TEUs • Transshipment cargo 70% World Port Ranking 5 days transit time to Dubai • Centrepoint on the East/West sea routes • Gateway to the Indian subcontinent Capacity to be increased - 11.7 million by 2012

  8. Infrastructure facilities contd… Hambantota port development • Development cost - US$ 1 billion. • The project includes: • A gas-fired power plant project • A ship repair unit • A container repair unit • An oil refinery • A bunkering terminal • Nearly 150, 000 ships passing Sri Lanka annually • Sri Lanka’s strategic location in the sea routes are important in connecting East to the West.

  9. Telecommunications Infrastructure facilities contd… • Sri Lanka is being developed as regional hub for telecommunications • Fastest growth sector driven by public private partnership • Development of faster and more efficient technologies • Fiber Optic Cables with • SEA-ME-WE III • SEA-ME-WE IV • (Connectivity Bandwidth - 1.32 terabits per second) SEA-ME-WE IV fiber cable network

  10. Infrastructure facilities contd… Power • 3. Future requirements • Total existing capacity- 2650 MW • Additional capacity by 2015 - 2500 MW 1. Main power sources - Hydro - 52% - Thermal - 48% • 2. Projects under construction • Norochcholai Coal Power Project • Upper Kothmale Hydro Power Project • 4. Pipeline projects • Trincomalee Coal Power Project • LNG Power & LNG Terminal • India Sri Lanka high-tension • Power Connection

  11. Infrastructure facilities contd… Industrial/Free Trade Zones 12 industrial zones with all infrastructure facilities administered by the BOI

  12. Health Care up to International Standards Infrastructure facilities contd… Apollo Hospital, Colombo Nawaloka Hospital, Colombo

  13. Educational institutions of international standards Infrastructure facilities contd…

  14. Prestigious Hotels / Leisure Facilities Infrastructure facilities contd… Hilton, Colombo Golf Courses

  15. Modern Office Complexes Infrastructure facilities contd… World Trade Center, Colombo

  16. Infrastructure facilities contd… Luxury Residential Apartments Havelock City, Colombo

  17. Finance and Banking Infrastructure facilities contd… Colombo Stock Exchange Standard Chartered, Colombo

  18. 3. Investment Opportunities Garments, Textile & Apparel Software Industry BPO/KPO Gems & Jewellery Tourism Agriculture & Dairy Farming Fisheries

  19. 3. Investment Opportunities contd… Garments, Textile & Apparel • Developed into a sophisticated industry from mere tailors to • total solutions specialists. • Garments without guilt. • Approximately 44% of the total exports. • Pioneer in green factories. Global brands/buyers: • Victoria’s Secret • Gap • Marks & Spencer • Triumph

  20. 3. Investment Opportunities contd… Software Industry • A highly literate workforce with a solid mathematical background. • Easily trainable & strong analytical skills • Low levels of attrition. • High linguistic adaptability • Value of IT industry exports • 2008 - US $ 250 million • Target for 2012 - US $ 1 billion • Leading companies include Millennium Technologies, Virtusa, IFS, hSenid Orion City IT Park , Colombo

  21. 3. Investment Opportunities contd… BPO/KPO • World’s 2nd largest pool of UK-licensed Financial Accountants • Connected to SEA-ME-WE-4 • fiber optic network Our Success stories • HSBC • WNS • OfficeTiger/ RR Donnelly • Amba Research

  22. 3. Investment Opportunities contd… Gems & Jewellery • Emerging precision gem cutting and finishing center in the world. • 75 out of 200 varieties of gem stones are found in Sri Lanka. • Sapphire capital of the world. • Duty free facility on import of gems. • Value of exports in 2008 - US $ 530 million. Target for 2013 - US $ 1 billion. • Main markets are USA, Switzerland, Thailand, Hong Kong, Japan, France, Germany, Singapore and UAE.

  23. 3. Investment Opportunities contd… Tourism • Focus on upmarket tourism • Increasing regional tourist arrivals • Access to diversified attractions (bio-diversity, cultural sites, wild life reserves and beaches). • Current room capacity- 14,700 rooms. Target for 2015- 25, 000 rooms. Opportunities for investors • Tourism related infrastructure • Theme parks • Golf courses

  24. 3. Investment Opportunities contd… Tourism North Tourism Development - Northern and Eastern provinces • Trincomalee - Ocean City • Arugam Bay- Resort for surfing • Pasikudah - National Holiday Resort • Jaffna - Beach Resort Apartments • Kalpitiya - Beach Resort Island Jaffna East Kilinochchi Mullattivu Vauniya Mannar Trincomalee Baticaloa Ampara

  25. 3. Investment Opportunities contd… Agriculture & dairy farming • Diverse agro climatic zones • Processing and value addition opportunities for export market eg: Middle East and Japan • Control agriculture, green house and drip irrigation technology. • Large lands in Eastern Province. • Opportunities in local dairy market Imports - US $ 300 million. • Zero tariff for agricultural products to India & Pakistan and European Union.

  26. Rubber based industries Investment Opportunities contd… • World’s largest manufacturer of solid rubber tyres. • Renowned for high quality crepe rubber. • Leading international glove supplier . Our Success stories • Ansell - Australia • CEAT - India • Loadstar - Belgium • Trelleborg - Sweden

  27. Investment Opportunities contd… Fisheries • Investment opportunities - Deep Sea Fishing & Processing - Aqua-culture • Development of New Port/ Fishery harbours. • Export to Europe ( with GSP+) and Japan & Singapore Maritime Zones of Sri Lanka

  28. Total Foreign Ownership. No restrictions on Repatriation of Earnings. Safety of Foreign Investments Guaranteed by the Constitution. Commercial Law is based on the British Laws. 4. Business environment

  29. Business environment contd… Investment Protection (over 20 Countries) • Japan • Korea • Malaysia • Pakistan • Singapore • Thailand • UK • USA • Australia • Canada • China • France • Germany • India • Indonesia • Iran

  30. Business environment contd… Double Taxation Relief (over 30 countries) • Canada • China • France • Germany • India • Iran • Japan • Jordan • Kuwait • Korea • Malaysia • Pakistan • Saudi Arabia • Singapore • Thailand • UAE • UK • USA

  31. Special Tariff Preferences for Sri Lankan products Business environment contd… • Indo-Lanka FTA - 4,232 products (zero duty) • Pakistan-Sri Lanka FTA - 4,686 products (zero duty) • EU GSP + - 7,200 products (zero duty)

  32. 5. Board of Investment of Sri Lanka & BOI incentives • Established in 1978. • Functions under the Ministry of Enterprise Development and Investment Promotion. • Government authority to promote and approve foreign investments. • First contact point for foreign investors.

  33. BOI incentives 3 to 15 Year Tax Holiday • Export oriented manufacturing & services. • Tourism & Leisure. • Agriculture & food processing. • IT, IT enabled services & BPO. • Education & Training. • Power Generation, Transmission and Distribution, Petroleum & Petroleum Products. • Textile & Fabric Manufacture, Printing, Dying, Washing & Finishing (deemed exports). • Development of Highways, Ports, Airports, Public Transport and Water services.

  34. BOI Incentivescontd…. Duty Free Imports • Export Oriented Manufacturing • Export Oriented Services • Infrastructure • IT Enabled Services • Agriculture On Capital Goods & Raw materials Only on Capital Goods Exemption from Exchange Control Applicable to companies that export goods and services and/or receive earnings in foreign exchange

  35. Major Investors by Country (2008) Total - US $ 888 million

  36. Some of our global investors

  37. US companies in Sri Lanka USA Companies - 76 Total FDI - Over US$ 200 Mn.

  38. Sri Lanka – Gateway to South Asia Thank You www.investsrilanka.com

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