Lanka invites Iranian investors

Minister of Industry and Commerce Rishad Bathiudeen invited Iranian investors to exploit opportunities in Sri Lanka stressing several areas which could be utilized for development.

Minister Bathiudeen made the proposal to visiting Iranian vice Minister Mansour Borghai.

He said the country was witnessing an 8 percent growth rate which is expected to increase to 9 percent in 2012 and 13 thereafter while the government focuses to double the percapita income from US$ 2,000 to US$ 4,000 within the next five years.

"There are promising investment opportunities for Iranian international investors seeking growth in our infrastructure including highways, commercial property and urban housing apartments, value addition, tourism, and tea in value added form. I invite the Iranian business community to come to Sri Lanka and explore them," he said.

Sri Lanka and Iran are keenly exploring the possibility of strengthening economic corporation and both the Iranian vice Minister Mansour Borghai and Bathiudeen have expressed their interests of holding the next session of of bilateral Joint Economic Commission meeting in Tehran in early 2012.

The Iranian vice Minister arrived in Colombo to inaugurate the Kattankudy Housing Project gifted by the Government of Iran.

Both sides also discussed the possibility of regularising exports of Pure Ceylon Tea to the Iranian market.

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