May, 2, 2014
Due to the opposition of those like the government coalition partner the Jathika Hela Urumaya [JHU] and others who voted against the Strategic Development Projects Gazette notification in parliament the arrival of foreign investors like James Packer and others to Sri Lanka are now at risk, said Investment Promotions Deputy Minister Faizer Mustapha.
If to reach the 07 percent economic development Sri Lanka has to definitely attract more and more foreign direct investments, said the Deputy Minister during a media briefing in Colombo.
When considered globally, attracting foreign direct investments is very competitive and most countries offer the most attractive concessions to attract more and more foreign direct investments, added the Deputy Minister.
Faizer Mustapha pointed out that before coming into a country investors keenly study the performance of not only the government but the opposition as well.
The Australian media had reported since provisions had not been clearly made for casinos in the Strategic Development Projects Gazette notification recently approved by parliament James Packer investing in Sri Lanka is now questionable.