Sri Lanka seeks Qatari investments in health sector

We gave him a picture of the current economic position of our country and also the relevant sectors

Sri Lanka is exploring the possibility of attracting investments from Qatari entrepreneurs and government agencies in its health sector, Sri Lanka’s Health Minister Rajitha Senaratne said in Doha, the Gulf-times reported.

The minister, who is on a two-day visit to Qatar, said he had held discussions on investment prospects in his country with Qatar Minister for Finance HE Ali Sherif al-emadi.

“While apprising the Qatar Minister of the areas where Sri Lanka is looking for foreign investments, we gave him a picture of the current economic position of our country and also the sectors where investments could fetch good returns,” Senaratne explained.

The Sri Lankan minister said he also spoke to the Qatar Minister on the prospects of attracting investments to his country’s power sector. “We have some ambitious plans as well to capitalise on our favourable weather conditions to develop solar and wind energy projects to meet the growing power requirements.”

The minister said Sri Lanka hopes there is a scope for developing tourism and other projects in one of its islands, where adequate land is available for investors. “Unlike what it used to be, in Sri Lanka, we are processing the papers for investments fast these days,” he said.

“With an eye on tapping foreign investments, we have waived off tax imposed by the previous government on investors so that they could enjoy more benefits from their investments made in Sri Lanka,” the minister said, adding their government is also keen on developing the physical infrastructure of its drugs and pharmaceutical sectors.

“We have made this proposal to the local authorities in Qatar, citing the advantages Sri Lanka had from the free trade agreement (FTA) with India. The investors are expected to gain significantly from the investments in pharmaceutical and drugs in such conditions,” he said.