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Govt to expand Japanese investments within SL’s industrial and manufacturing sectors

Minister of Industries Sunil Handunnetti held bilateral discussions in Tokyo with Akiko Okumura, Executive Vice President of the Japan External Trade Organization (JETRO), and the organization’s senior leadership team during a official visit to Japan. The discussions centered on further increasing and expanding Japanese foreign direct investment (FDI) in Sri Lanka’s industrial and manufacturing sectors

Japan, a long-standing and trusted economic partner of Sri Lanka, is globally recognized for high-quality investments, advanced technology, and industrial expertise. A primary objective of the Minister’s visit is to further strengthen this collaboration to accelerate Sri Lanka’s industrial development journey.

During these discussions, significant focus was placed on creating a conducive environment to attract more Japanese business communities and investors to Sri Lanka, sharing Japan’s advanced technical knowledge and experience to uplift local industries, and expanding value-added manufacturing processes within the industrial sector.

Extensive deliberations were held on creating new employment and economic opportunities, especially within the export-oriented manufacturing sector.

The Minister stated that the would work closely with JETRO to transform these discussions—moving beyond mere dialogue—into practical investment opportunities, thereby further strengthening economic cooperation and friendship between the two nations.

Participants in these discussions included Sri Lankan Ambassador to Japan, Professor Janaka Kumarasinghe, Additional Secretary to the Ministry of Industries and Entrepreneurship Development, Mahesh Abeysekara, and other officials. (MFJ)