Japan has agreed to provide a sum of Rs. 2.5 billion for the project implementation as a loan on extremely favourable terms and conditions for Sri Lanka.
The Ministry of Internal Affairs and Communications of Japan (MIC) will hold an “ISDB-T Digital Broadcasting Business Matching Seminar” in Colombo on Friday17 March, 2017 at 10.30 a.m. at Liberty Ball Room, Ramada Hotel Colombo 2.
This seminar is aiming at combining business needs and seeds between Japanese companies and Sri Lankan companies for promoting joint business on telecommunication-broadcasting fields.
This will be a good chance for networking and fellowship among the participants, diplomatic sources said.
The TV digitalization deal between Sri Lanka and Japan came under wide criticism and accusation of corruption and commission taking when the previous government entered into a loan agreement with the Japan International Cooperation Agency (JICA) in September 2014.
Official sources said the present government suspended the project as the Japanese system is not widely used in countries worldwide and Sri Lanka will have to import Japanese television sets as it is very unlikely that the TV sets available in the Lankan market are compatible with the Japanese system.
Under this deal Japanese companies will be benefited through sales and maintenance contracts.
The Rajapaksa regime had allegedly planned to get massive commissions from Japanese TV imports at that time, TV experts alleged.