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City of Colombo
Panoramic view of the city of Colombo
Situated in the western province of Sri Lanka, Colombo is the island's capital. Diverse and vibrant, the city is the administrative and economic centre of the country. Colombo is Sri Lanka's largest city, home to around a million people is also one of the busiest ports in the South Asia. Colombo was the capital for over two hundred years until the capital was shifted to nearby Sri Jayawardenepura, but remains the hub and heart of the city. The city offers historical monuments, colonial architecture, beaches, fine dining, vibrant night life and lots of shopping. Its architecture has been influenced by Portuguese, Dutch, and British colonization and is very visible in the buildings surrounding the city
Free Education & the Trainable Workforce
Totally free education – one of the advantages of Sri Lanka is its high literacy rate of 94%
The Sri Lanka’s policy of free education for all brings about a youthful resource to the industry and trade in Sri Lanka. The typical Sri Lankan worker is highly trainable and possesses precision skills which make them adept at executing complex manufacturing processes. The fact that Sri Lankans are friendly, creative can acclimatize to rapidly changing diverse cultures and work environments, pave way for easy and quick integration of varying business climates and foreign enterprises which is an added advantage for foreign ventures.
Port City of Colombo
Sri Lankas newest development project under construction in Colombo – US $ 15 billion Port City
Described as the 'Gateway to South Asia' the project is a Public Private Partnership between the Government of Sri Lanka and project company CHEC Port City Colombo. Port City Colombo is situated alongside the Port of Colombo, which is ranked as the World's 18 th best connected Port, and is designed to strike a virtuous balance between commercial, residential and retail spaces. The Colombo International Financial Centre Phase 1, which is the first vertical development, will comprise of state-of-the-art business infrastructure with a commitment to International Green Building Standards. All registered entities can enjoy 100% foreign ownership with the opportunity to benefit from relaxed exchange control regulations within the zone. Port City will enjoy a cost advantage of nearly 80% compared with regional hubs such as Singapore and Dubai.
Ceylon Tea
Introduced in 1867, Ceylon Tea has grown to be the top agriculture export in Sri Lanka and provides direct and indirect employment
to nearly 1 million people while around 4% of the country’s land area is covered in tea plantations amounting to nearly 203000
hectares.
The Sri Lanka’s policy of free education for all brings about a youthful resource to the industry and trade in Sri Lanka. The typical Sri Lankan worker is highly trainable and possesses precision skills which make them adept at executing complex manufacturing processes. The fact that Sri Lankans are friendly, creative can acclimatize to rapidly changing diverse cultures and work environments, pave way for easy and quick integration of varying business climates and foreign enterprises which is an added advantage for foreign ventures.
Sri Lanka as tourist destination
Sri Lanka has been ranked first among the top 24 countries to visit in 2023, by travel site, TravelTriangle. According to Travel Triangle, golden beaches, wildlife-rich jungles, rolling tea plantations, and mist-shrouded mountains make Sri Lanka one of the best Asian countries to visit.Jan 14, 2023
Nine Arch Bridge, located in the lush hill country of Ella.
And the unique part about this bridge is that it is built entirely from rocks, bricks, and cement with no use of steel or metals throughout the structure. The bridge was commissioned in 1941 and the story goes that as the bridge was being planned World War I broke out.
Unawatuna Beach
Unawatuna Beach is one of the most popular and best-known tourist destinations in Sri Lanka. The beach, with its golden sands, is backed by palm trees interspersed with cafes and bars. The waters here are sheltered, clear and blue. Some say the beach is shaped like a banana, although most would probably call it a crescent.
Golf in Sri Lanka
Sri Lanka has a rich history in golf, with the first course being introduced at the Royal Colombo Golf Club over a century ago. Since then, the island has become home to four stunning 18-hole courses located in Colombo, Digana, Nuwara Eliya, and Hambantota.
Sri Lanka a production Destination with Comparative Advantages
With cheaper labour than China and good access to key trade routes, Sri Lanka has clear potential as an alternative production base, despite its relatively small workforce. It may prove of particular interest to Hong Kong companies eyeing the South Asian, the Middle East and European markets. Sri Lanka’s investment environment is relatively liberalised by comparison to a number of other Asian economies. Wholly foreign‐owned enterprises (WFOEs), for instance, are sanctioned in most sectors already opened to foreign direct investment (FDI), though many foreign investors have opted for forming joint ventures (JV) with local partners. Only a few specified manufacturing areas, such as military hardware and aircraft, are regulated and subject to government approval. Other than these sectors, foreign manufacturers are essentially free to establish WFOEs.
Colombo airport Expansion
The new terminal building would feature the addition of 96 check-in counters, eight baggage claim belts, seven baggage makeup carousels, 16 contact boarding gates with 28 passenger boarding bridges, and six bus gates. The scope also includes a capacity enhancement of the incinerator, water treatment plant, and sewerage treatment plant. The Colombo Airport has been in dire need of another terminal for years now. It had more than 170 aircraft movements per day, including an average of more than 60 movements of heavy aircraft per day in 2018. The existing six million-passenger terminal currently handles over 10 million passengers per year.
Colombo Harbor in Sri Lanka: The Entrance to the Silk Route
Considered the largest and busiest port of Sri Lanka as well as in South Asia, the Colombo Harbor in Sri Lanka serves as an important terminal in Asia due to its strategic location in the Indian Ocean. With a capacity of 8.5 Million TEUs and dredged depth of 18m, the Port of Colombo is ranked amongst the top 25 ports in the world. The port attained an all-time high container throughput of 7.25 Million TEUs in 2021. It was also declared as one of the Best connected Ports in South Asia by UNCTAD in 2021.