Business Times

Swedish investor undeterred by war, conflict in Sri Lanka

By Quintus Perera

A top Swedish investor said this week that war, conflict and other issues has not deterred investments in Sri Lanka having invested in the country for the past 23. Rune Flinth, Chairman, Flinth Industrial Park (Pvt) Ltd, made these comments to the Business Times soon after the launch of Flinth Industrial Park on a lush 10-acre land in Ranmuthugala Estate, Kadawatha this week.

This industrial park provides world class production facilities and at present there are 10 multinational companies making use of this facility. One of the companies present at the park is Aero Sense, a manufacturer of high precision sensors for the aviation and aerospace industries.

Mr Flinth said that this is an investment of $11 million and already $7 million has been spent on the project. He said that he started his industries in Sri Lanka 23 years ago and is a veteran investor where he has number of other companies functioning in his home country Sweden, UK and USA in addition to Sri Lankan investments.

He said that his investments were not affected by the conflict and as the conflict is now over, he was making further investments in Sri Lanka. He said that in addition to the investments, a large number of jobs is provided in addition to training.

The veteran Swedish investor said that for the usage of modern high tech, well trained personnel are needed and found that Sri Lankans are trainable in any trade. He also appreciated the high quality of Sri Lankan engineers.

Dhammika Perera, Chairman/ Director General, Board of Investment of Sri Lanka, speaking at the launch conceded that setting up of these industrial parks is the duty of the government, but it is greatly appreciated that the foreign private sector was establishing them.

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