Sri Lanka: Indian investors among foreigners exploring potential of Trincomalee, Hambantota ports

COLOMBO, Nov 26: A group of 20 foreign investors from India and seven other countries visited Sri Lanka’s Trincomalee and Hambantota ports this week to explore their potential for maritime investments, the island nation’s Export Development Board (EDB) said on Tuesday.

Investors from Saudi Arabia, Maldives, France, Japan, Thailand, the United States, and Cambodia were also among the visitors.

“The visits aimed to showcase Sri Lanka’s potential as a hub for maritime investments and its growing blue economy,” EDB said in a statement to EconomyNext.

The delegation explored opportunities in various sectors such as marina development, shipbuilding, vessel maintenance, engineering services, bunkering, and offshore services, according to a EconomyNext report.

“Investors also explored prospects for establishing joint ventures with existing local businesses or initiating new enterprises.”

The visit was part of the EDB’s Voyage Sri Lanka 2024 initiative. (UNI )