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France appreciates economic development in Sri Lanka

Mar 31, 2011 6:21:49 AM - itnnews.lk

France has welcomed the recent positive economic developments in Sri Lanka, with special emphasis on fiscal policy including an ambitious tax reform.

French companies will have a special interest in assessing the contribution of these measures but also other incentives to facilitate their investment, sale or lending decisions. These Companies will consider the global scenario for business environment, such as good governance, timely decision process making, adequate infrastructure, and financial capacity and growth perspectives.

The Embassy of France in Sri Lanka and the Economic Department of the French Embassy in New Delhi have taken the measures to entice French companies based in India to join an official and business mission in Sri Lanka.

The desire of this endeavour will be to invite the French subsidiaries in India to explore the investment opportunities and make a vital contribution to Sri Lanka’s economic development. The French business team which comprises nine representatives, representing seven large scale companies from France, will meet members of the Government, senior officials and private counterparts.