A Japanese delegation consisting of members of Japanese Electronics Components Industry (JEITA) was recently briefed by the BOI on investment opportunities in Sri Lanka.
The delegates representated many leading Japanese manufacturers of electronics components which is a major industry of Japan.
Japan at present maintains 40% market share of the world electronic components productions and manufactures a high percentage of highly specialized parts. Many non-Japanese companies also rely on Japanese made electrical components.
The Japanese delegation was interested in looking at the possibility of Sri Lanka emerging as a centre for the manufacture of Japanese electronic components.
The delegation is currently evaluating Asian countries to invest in and Sri Lanka is one such option.
This is part of Japan’s China + 1 Strategy, where Japanese companies look at alternative countries in Asia to their main investment base in China.
JEITA consists of 46 companies who are world leaders in the field of electronics. The BOI side conducted presentations of investment opportunities of Sri Lanka.
Among the delegation members are industry leaders such as TDK Corporation, Sumida Corporation, FDK Corporation and Kyocera Corporation.
There was also a presentation on the potential of BOI’s Export Processing Zones at Suriyawewa and Mirijjawila in the newly planned city of Hambantota.
