Apr 14, 2017

Sri Lanka attracts French private sector to boost investments

Sri Lanka has established links with MEDEF International (Mouvement des entreprises de France), the most representative organization of the French private sector with the aim of attracting French private sector investors to the island nation, foreign ministry disclosed

Foreign Ministry official said that this was a step in the right direction for a strengthened presence of French Investments in Sri Lanka.

He added that many opportunities were also present in enhancing trade and tourism ties with France in consideration of the impressive growth projections for this year.

Three Agreements were also concluded on improving the Teaching of French in Sri Lanka, cooperation in the field of Cultural Heritage and the sanitation and Hygene Initiative for the town of Negambo (SHIFT), which both SrI Lankan and French Ministers saw as a further step towards strengthening relations.

France has already pledged to deepen the existing ties towards greater convergence for co-operation in the fight against terrorism and climate change which would make the partnership stronger, he added.

Sri Lankan government has also explored avenues for cooperation in expanding the role of the French Development Agency (AFD) in the country stressing on the importance establishing a fully fledged resident AFD office in Sri Lanka.