Chinese to seek investment opportunities

Ceylon-Chamber-of-CommerceA high level business delegation is to visit Sri Lanka this month to seek investment opportunities in the country, Sri Lanka’s main trade body said.

The Ceylon Chamber of Commerce (CCC) said that a 77 member high powered business and government delegation from China’s Zhejiang Province will arrive in the country during mid-November hunting for business opportunities, including opportunities for cross border mergers and acquisitions.

The delegation will be led by the China Council for the Promotion of International Trade (CCPIT) Zhejiang Provincial Committee and they are scheduled to arrive on the 23rd of November, CCC said.

The delegation will attend the “Sri Lanka – China (Zhejiang) Investment and Trade Symposium 2015” to be held in Colombo, which is jointly organized by the CCPIT and the Ceylon Chamber of Commerce. The forum will be followed by discussions between the Chinese businessmen and their Sri Lankan counterparts.

The delegation is looking for co-operation in the areas of project investment, technology transfer, research and development, cross-border mergers and acquisitions, patent licensing and brand cooperation, products and service subcontract, as well as setting up branches and sales networks.

Businesses covering the areas of agriculture, auto parts and components, chemical, construction materials and machinery, E-Commerce, energy, fishery and forestry, food processing, garments, infrastructure, service industry, textiles and trading will be among the delegate participants.

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