Why invest in Sri Lanka www.investsrilanka.com. Contact the Board of Investment of Sri Lanka.
- Fast Developing infrastructure
Sri Lanka has experienced significant improvements to available infrastructure which has been recognized as a national priority by successive governments. These include an ambitious program to develop and completely upgrade seaports around the island, the international airports, roads in the city of Colombo and highways connecting to other parts of the country and power and telecommunication facilities.
- Road and Rail
Sri Lanka’s transport system is based on a road network of approximately 100,000 km and a rail network of about 2,000 km linking Colombo with the rest of the country. Notable recent developments are the Southern Expressway connecting Colombo and Matara in the deep South and the Airport/Katunayake Expressway. The Outer Circular Highway in the Western Province, the Central Expressway which links Colombo and the Hill Capital of Kandy as well as the Southern Expressway Extension are nearing completion.
Sri Lanka is located at the intersection of major international shipping routes within the world’s busiest maritime transportation lanes. Due to this location advantage, Sri Lankan ports have continuously contributed to the development of the country. The Colombo Port is considered the busiest port in South Asia and according the Alphaliner Rankings 2017 it is rated as the 23rd ‘Best Port in the World’. It is also capable of catering to the latest ‘Triple E Class’ ships. 33 major shipping lines use the Colombo Port while 75% of port volumes are transshipments.
The Bandaranaike International Airport is the main international airport in Sri Lanka, located 30 km North of Colombo, with connectivity to major routes and 100 cities around the world. The Mattala Rajapaksa International Airport is Sri Lanka’s second international airport, located in the Southern Province of the country.
- Telecom Sector
Sri Lanka’s telecom sector has been ahead of its regional peers for a significant period. At the end of 2017, cellular mobile subscriptions in Sri Lanka was 28.2 million, while fixed access telephone subscriptions stood at 2.5 million. Sri Lanka’s mobile market has experienced robust growth over the last five years with mobile penetration rising from 96% in 2012 to 126% in 2017 across the country. Mobile broadband penetration has also recorded a rapid growth over the past five years with market penetration increasing from 8% in 2012 to 21% in 2017. The availability of e-commerce applications including mobile banking, e-bus ticketing and mobile Points of Sale (POS) continues to increase.
- Quality of Life
Sri Lanka often referred to as the ‘pearl of the Indian ocean’, is claimed by both locals and expats alike as a truly great place to live and work. A country of many facets, Sri Lanka offers a spectrum of experiences, cultures and places for those who enjoy diversity and variety. The country’s expansive beaches, rolling hills, rainforests and cosmopolitan cities make Sri Lanka an eclectic experience for all.
For those who choose to make Colombo (Sri Lanka’s commercial capital) their home, a cosmopolitan living environment awaits. There is no shortage of social life in this city, with its many restaurants and cafes, an abundant nightlife, theatre and art experiences, a host of star-class hotels, as well other amenities. There is also an extensive choice of quality education to be obtained in the city which boasts several reputed international schools and many tertiary education options.
Sri Lanka also offers private hospitalization and healthcare with state-of-the-art facilities. A free pre-hospital care ambulance service is also available covering Western and Southern Provinces of the country. In addition, Sri Lanka is also well placed in terms of international travel with reputed international airlines operating flights to and from the country daily.
- Investment Protection – https://investsrilanka.com/investment-protection/
Education and Adaptable Workforce
Sri Lanka comprises of a highly versatile and skilled workforce which is cost competitive, highly productive and bilingual. Majority of the Sri Lankan workforce consists of highly qualified professionals having extensive experience in, numerous fields such as information technology, manufacturing, finance and accounting, fashion design and law.
The government gives high priority to improving both the national education system and access to education, resulting in a workforce fully equipped with best quality higher education in technical and business disciplines. Various vocational training programs have been introduced by the government to cater to the future demand in many sectors including precision manufacturing, Information Communication and Technology, Hospitality and Tourism, Light Engineering and Automotive manufacturing etc.
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
- Investment Incentives – https://investsrilanka.com/investment-incentives/