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Japanese businesses to be launched in the island

Dec 23, 2010 4:36:36 AM - itnnews.lk

Japanese small and medium sector businesses are to set up their ventures in Sri Lanka in the near future.

Japan Sri Lanka Friendship Parliamentarian League Chairman Hirano Hirofumi said the Japanese Government was willing to establish Japanese small and medium enterprises in Sri Lanka generating more jobs for the youth. He was addressing the media in Colombo yesterday. He requested assistance of the Sri Lankan Government and the Board of Investment to increase Japanese investments in Sri Lanka.

BOI Deputy Director General A M C Kulasekera said cumulative Japanese investments in Sri Lanka is 300 million US dollars and the Japanese companies have managed to generate over 12,000 jobs in Sri Lanka while extending financial support to the ongoing mega development projects.