More Details on Investment Opportunities in Sri Lanka
About Sri Lanka
Over the decades Sri Lanka is known as the Pearl of Indian Ocean and sure it is. This amazing island will capture your heart and soul like no other place. The natural beauty and diversity of sceneries are incredible. It consists of beautiful forests, beaches, lakes, wild life and many more.
The country can be divided into several climatic zones, basically as wet and dry zones. But in the recent times it has shown a difference as well. Overall it has a temperature of 30 degrees Celsius at most parts of the country excluding hilly areas.
Sri Lankan people are well known for their hospitality and welcome throughout the past. They are living in peace with different people of different cultures and religions. The main religion is Buddhism and language is Sinhala, followed by Tamils, Moors and Christians accordingly. Apart from those English is spoken in all parts of Sri Lanka. So communication is identified as a very rare problem within the country.
The economy of the island is thriving at the moment after the 30 year war took place. The major industries such as Tea production, Apparel and Textile industry are expanding its scope while many more industries like real estate and tourism is emerging with great investment opportunities targeting the aim of being wonder of Asia.
Why Sri Lanka
After the end of colonial era of Sri Lanka, no sooner the internal conflicts within different ethnic groups started rising. As a result, many tragedies took place over the last 50 years. But the rising of liberation tigers created a 30 year civil war in the country dragging it to the bottom of development. Fortunately the current government was able to put an end to those dark years. Now Sri Lanka is back on track in the race of development and it has achieved a lot within the last few years.
The government has taken many steps needed to ensure the economical and social environment needed for the investors to visit the island. To support the investors they have allowed total foreign ownership across almost all areas of the economy and the safety of foreign investment is guaranteed by the constitution. The literacy level of the country is admirable and relatively better in south Asia. Extensive investment in public education has produced a workforce that is not only competent but intelligent, trainable and comfortable with high tech production and services. The country has shown impressive development of infrastructure needed to support investments.
The major developments took place were,
- Southern High way.
- Hambanthota Port Development.
- Colombo South Port Expansion.
- Expansion of Bandaranaike International Airport.
- Development of Second International Airport at Mattala.
- Colombo Katunayake Expressway.
- Norochcholai Coal Power Project.
- Upper Kothmale Hydro Power Project.
Sri Lanka is ranked as the most liberalized economy in South Asia. The island adapted open market free economic policies, and successive governments have further liberalized the economy, leading to deregulation, greater privatization and opening the economy to international competition. Transparent investment laws aim to foster foreign direct investments. Sri Lankan commercial laws are based on British laws and country has a highly independent judicial system. Sri Lanka has signed bilateral Investment Protection Agreements (IPA) with 28 countries. The country has a very independent system of courts which can redress any concerns of investors.
Sri Lanka is truly a great place to live and a great place to work. A country of many facets, it offers a spectrum of experiences, people and places that awaits to be discovered. For those who choose to make Colombo their home, a cosmopolitan living environment awaits. Social life is never a miss in this city, with abundant nightlife, world-class shopping, theatre, cafes, art and host of star class hotels that dot the island.
The expatriates and their families will enjoy a quality living environment in Sri Lanka with comfortable housing, good healthcare and medical facilities, excellent educational institutions with international standards, and world-class recreational sites.
There is a wide selection of comfortable housing in Sri Lanka including luxury condominium apartment’s ideal for expatriates. Internationally recognized institutions of Healthcare market have chosen Sri Lanka as a destination for health tourism. A dozen private and public hospitals operate in Colombo with.
Seven UNESCO World Heritage sites, a salubrious climate in the central hill country, 250 acres of botanical gardens, 15 Wildlife and Nature reserves and miles of pristine beach, is concentrated within a mere 645,610 square kilometers. Sri Lanka is renowned for its varied biodiversity fauna and flora.
We want to see this island develop in a way that is sustainable, environmentally and culturally sound and we hope you can help all of us to achieve this goal. So the time is now, there can be no better time than now to invest in this island. There’s a lot yet to be achieved and accomplished.
Source: www.investsrilanka.com