Singapore’s Minister for Trade and Industry (Industry) S Iswaran is to visit Sri Lanka to strengthen bilateral relations and open up business opportunities for Singapore companies in the fast-growing market, Channel News Asia reported today.
Iswaran will visit Colombo and Trincomalee today to Thursday, the Singapore Ministry of Trade and Industry (MTI) said.
While in Colombo, he will attend the Sri Lanka-Singapore Business Forum with Minister for Development Strategies and International Trade, Malik Samarawickrama on Jun 1.
Iswaran will also call on Prime Minister Ranil Wickremesinghe, Minister for Industry and Commerce Rishad Bathuideen, and Minister of Megapolis and Western Development Champika Ranawaka.
On Jun 2, Iswaran will travel to Trincomalee where he will visit Singapore subsidiary Prima Ceylon Flour Mill Complex, the largest integrated flour milling complex in Sri Lanka. He will also call on Chief Minister of the Eastern Province Ahamed Nazeer.
A business delegation of 28 Singapore companies, led by International Enterprise (IE) Singapore and the Singapore Business Federation (SBF), will also be in Colombo to explore business opportunities there.
Sri Lanka was Singapore’s 39th largest trading partner in 2015, with bilateral trade amounting to S$2.05 billion. Foreign direct investment from Singapore to Sri Lanka amounted to S$656 million as of 2014, MTI said. (Colombo Gazette)