The United States Ambassador to Sri Lanka Julie Chung mentions that if the brand-new federal government can strengthen the investment climate, implement anti-corruption steps, and reinforce business-friendly governance and openness, there is capacity for bring in more worldwide manufacturers to buy the country.Joining the groundbreaking event for Indiana-based SHIELD business brand-new seatbelt factory in Sri Lanka, the US Ambassador said that SHIELDs choice to move its center in China to develop a production facility in Sri Lanka is a testimony to the growing interest of U.S.
financial investment in Sri Lanka.The United States is currently the biggest export market for Sri Lanka, and its fantastic to see higher U.S.
financial investment directly here, also.
We want to see even greater bilateral trade and financial investment expand both methods the years to come, she added.Speaking even more during the occasion, Ms Chung included: Manufacturing moves like this one, driven by consumer demand to diversify supply chains, represent a fantastic opportunity for Sri Lanka.
If the new federal government can reinforce the financial investment climate, implement anti corruption steps, and reinforce business-friendly governance and openness, there is capacity for a lot more manufacturers to make similar moves.Youve heard the phrase: If you develop it, they will come.
I strongly think companies will come if the financial investment climate is strong.
And that suggests more jobs, success, more R&D for Sri Lanka.The collaboration between the United States and Sri Lanka is developed on shared objectives and shared respect.
From increasing farmers crop yields to, broadening the school lunch program to deal with the urban bad in Colombo, to strengthening Sri Lankas maritime security, our partnership is driven by a common vision: enhancing lives, fostering financial development, and guaranteeing regional stability, the US Ambassador highlighted.