An 18-member Chinese business delegation headed by Gao Feng, Vice Governor of China’s Yunnan Province, recently visited Sri Lanka to look at investment and trade opportunities in the country.
The delegation consisted of officials and entrepreneurs from a wide range of sectors such as telecommunications, aviation, power, import-export and construction, who visited Sri Lanka on the invitation made by Prime Minister Ratnasiri Wickramanayake to the Governor of Yunnan Province.
At a meeting at the Board of Investment (BOI), presentations were made by the BOI followed by one to one meetings between entrepreneurs of both countries with the objective of examining possibilities of investment, trade and joint ventures.
The delegation was briefed by A.M.C Kulasekera, Deputy Director General (Promotion) of the BOI.
Li Jimming, Deputy Director General, Department of Commerce of Yunnan Province, speaking on behalf of his delegation, said one positive outcome of this meeting will be the signing by one of the companies present of a MOU with the Ministry of Highways worth a total of US$ 120 million.