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Lankan PM hails Chinese help and projects

[Zee News, Friday, 9 September 2011 08:14 No Comment]

(PTI) Describing China as its close friend, Sri Lanka on Thursday hailed Beijing’s support in its development with a host of projects and generous aid.

During the past five years, Sri Lanka has developed strong relations with not only China’s central government, but also with provincial governments on the basis of regular high- level exchanges, Lankan Prime Minister DM Jayaratne said.

Speaking at a forum at the 15th China International Fair for Investment and Trade, which is currently being held in southeastern coastal city of Xiamen, Jayaratne said Lanka’s exports to China has increased to USD 102 million in 2010 from USD 37 million in 2006, fueled by exports of tea, fiber and fish.

"China has become our largest development partner and an important investor in Sri Lanka, especially in infrastructure projects. There are plenty of opportunities and areas that we can exploit for mutual benefit," Jayaratne said.

Sri Lanka offers a wide variety of investment opportunities and incentives for foreign investors, he said.

China is currently investing in a number of projects in the country, including motorcycle manufacturing, hydroelectricity and apparel manufacturing, he added.

Sri Lanka is currently courting investors for its infrastructure, textiles, computer software and tourism sectors, he said.

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