The National Chamber of Commerce of Sri Lanka organized its members to interact with the Singapore business society and the Chinese for investment in the North and East.

The delegation met the Ceylon Chamber of Commerce (CCC) recently for investment opportunity investigation and the meeting was a success said Vijay Iyengar the Chairman of Singapore Indian Chamber of Commerce and Industry (SICCI).

The delegation met the board of investment as well as the Minister of Export development Prof. G.L Peiris for a discussion on further development

Sri Lanka has a high potential for further growth said the delegation and the opportunities are high for investment. Singapore sees a high potential in developing through globalization.

The 18 member delegation had a keen interest in investing in Sri Lanka with strategic partners and the meeting held at the National Chamber of Commerce of Sri Lanka (NCCSL) yesterday had a high impact on the investors.

The delegation will be attending a meeting in Kandy seeking more potential opportunities.

Agriculture, Textile, Timber, Furniture, Electrical equipment, Housing and property development, Food products, Energy, Fishing and brick manufacturing have the highest potential for investing according to the delegation.

The members of the NCCSL showed a keen interest to partner with members from SICCI in developing the North and East with more energy plants and fishing accessories due to the rapid growth and the high demand of the development process.

Being one of the high industrial countries with an average annual growth of 7.5 percent with a trade of S$ 716 billion and the unemployment rate consisting of 2.2 percent Singapore sees Sri Lanka as the best location for investment.