Oppertunities
For Joint Ventures -Contract Manufacturing – Trading
Strategic Location
Sri Lanka is situated strategically at the crossroads of major shipping routes to South Asia, the Far East and the continents of Europe and America, making the country a convenient port of call for shipping lines and airfreight services. Further, Sri Lanka’s proximity to the Indian sub-continent positions the country as a gateway to a market of 1.4 billion people in India . These factors have combined to generate keen interest in the country’s logistics sector, as well as from manufacturers looking for opportunities in the South Asian region.
Initiating Trade Relations with Japanese Companies
The world is not built on products and consumers, but on people and their relationships. And these people want to form genuine trusting relationships with those they want to do business with. No matter what type of business you are in, you need to be very skilled at establishing positive business relationships. This is particularly important when you try to establish business links with Japan.
IT & IT Enabled Services
Sri Lanka has gained a reputation for providing the best value-for-money ICT talent in Asia. The Island is one of the best destinations for providing off-shore services for Information Technology Enabled Service (ITEs) as well as services related to Finance and Accounting, Legal, Insurance, Banking and Telecommunications. Over 300 IT/IBM companies employing over 85,000 persons operate in Sri Lanka achieving an export volume of US Dollars 1 billion.
Apparel Manufacturing
Sri Lanka has a thriving apparel manufacturing and export industry exporting over us $ 5 billion annually , employing over 975,000 skilful and trained work force. Sri Lanka manufacturers apparels for world class brands such as Ralph Lauren , GAP, Victoria’s Secret , H&M and many others.
Printed Circuit Boards
The global demand for printed circuit boards is expected to reach an estimated $ 75 billion by 2023. Sri Lanka with a youthful , literate and a trainable workforce is in a the best position to open doors for investors desirous of embarking on ;
- Printed Circuit Board Manufacturing
- Printed Circuit Board Assembling
Component Manufacturing for Printed Circuit Board (Conductors, Resisters and many more)
Medical Devices
Medical devices ranging from common medical supplies such as latex gloves and syringes to advanced imaging equipment and implantable devices, are expected to reach a global market of an estimated USD 409.5 billion by 2030. The ASEAN medical device market growth, heavily influenced by its growing population, rapidly aging population and strong economic growth, is expected to reach USD $ 10.0 billion by 2030.Presence of over 400 companies importing medical devices to Sri Lanka shows a remarkable growth potential. In addition 1.3 Billion population in India opens up a a mammoth window of opportunities for medical devises produced in Sri Lanka.
Solar Panel Manufacturing
The availability of naturally occurring economically viable high purity quartz deposits in many parts of the country and duty free access to huge markets such as EU and India under trade agreements has made the Solar Component Manufacturing sector as one of the most promising sectors in attracting investments to Sri Lanka. The Ceylon Electricity Board is the country’s sole grid operator and distributor,
whilst having 6.4 million electricity consumers and consumers are growing 6-7% annually. Considering the huge demand anticipated for solar energy in the future globally and domestically, there should be a coinciding development in the solar PV manufacturing industry to cater to the increasing demand.
Electrical and Electronics
The Electronic sector has been identified as a key sector in Sri Lanka National Export Strategy. The worldwide electronics industry is distinguished by fast technological advances and has grown rapidly than most other industries over the past 30 years.
Priority Areas ;
- Automotive
- Telecommunication
- Bio-medical
- Consumer electronics
- Washers
- Industrial Automation
Automobile Components
Sri Lankan and Foreign companies are engaged in manufacturing high quality Auto-mobile components for both export and local markets. The product range includes wire harnesses, sensors, airbags, precision moulds, truck trailers, seat belts, seats and electrical equipment relating to this industry. In addition to this, rubber products such as carpets, beading, mud flaps, washers, bushes, gaskets, as well as products such as leaf spring, center-bolts, bronze bushes, coil springs and bearings are produced at present.
Agri Business and Food Processing
The climate in Sri Lanka is tropical and consists of very distinctive dry and wet seasons, with the average temperature ranging from 28 – 32 degrees Celsius. This makes for an ideal climate for growing fruits and vegetables. Being an island surrounded by rich marine life, Sri Lanka also has an abundant supply of fish and other seafood suitable for processing.
Priority areas for investment
- Potential areas for investment
- Fruits and vegetables (Canned, frozen, juices, pre-cut and readymade salads,
dried and dehydrated) - Aquaculture
- Value added coconut products
- Value added spice products
- Canned/bottled products
- Processed food
- Confectionery and bakery products
Fish Processing
As an island with a territorial sea of 21,500 km2 and a coastline of 1340 km, Sri Lanka has a rich supply of fish and seafood. The fishing industry plays an important role in Sri Lanka’s Social and Economic sectors and the country is home to a large fisheries community, who reside along the coastline. The country combines new technology with traditional knowledge and skills in maintaining quality and sustainability in the fishing industry.
