Financial Times

Visit of high-powered US biz delegation to Sri Lanka

A 16-member high-powered APCAC-AMCHAM delegation comprising of several American Fortune 500 companies such as Coca-Cola, Caterpillar, GE, DuPont, 3M, UPS and Kimberly-Clark will be in Colombo next week. An AMCHAM (American Chamber) press release said the delegation will be led by Atul Singh, Vice Chairman, South Asia of Asia-Pacific Council of American Chambers of Commerce (APCAC), President and CEO, Coca-Cola India and immediate Past Chairman of the American Chamber of Commerce in India. Other companies include Parsons Brinckerhoff, Sikorsky Aircrafts Corporation, Fiserv, Rockwell Automation, Western Union and Rashed Kanchan Corporation.

These companies represent diverse business interests which include FMCG, infrastructure, food and beverages, healthcare, plastics (engineering polymers), defense sector, home care products, military and commercial helicopters, the press release stated.

The delegation assumes added significance as it coincides with the US-Sri Lanka Public-Private Partnership Conference in Colombo on October 13. According to the press release, this is perhaps the first large US Government business initiative since the end of the internal conflict in Sri Lanka.
During their stay in Colombo, the delegation will call on the President of Sri Lanka, the Prime Minister and senior Ministers.

The discussion will centre around investment and business opportunities in Sri Lanka in the new business environment in the post conflict. Members of the delegation will discuss several business openings, investment opportunities and economic cooperation projects which Sri Lanka has to offer. The press release further stated that as the economic and political environment becomes more conducive for foreign investment and growth, American companies have shown renewed interest in examining the emerging investment and business opportunities in Sri Lanka.

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