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Last Updated : 2024-05-11 19:20:00
From left: CEO CSE Rajeeva Banadaranaike, Chairman CSE Dilshan Wirasekara, State Minister of Finance Shehan Semasinghe, Director of Research CBSL Dr P.K.G. Harishchandra and Director General SEC Chinthaka Mendis
The ‘Invest Sri Lanka’ Investor Forum, which was organised by the Colombo Stock Exchange (CSE) in association with the Confederation of the Indian Industry (CII), was concluded successfully on August 9 in Chennai, at the Taj Coromandel Hotel.
The forum made a strong case for investment flows into Sri Lanka. The forum witnessed a strong turnout of 180 investors from multiple industries across India. Shehan Semasinghe, State Minister of Finance was the keynote speaker at the forum.
Sri Lankan delegation, including the Chairman of the CSE, senior representatives of the Securities and Exchange Commission of SL (SEC), CSE, Central Bank of Sri Lanka (CBSL), and representatives from 16 stockbroker firms, collectively pitched for further investment flows into Sri Lanka, a call that was also boosted by strong endorsements for Sri Lanka by the CII.
The forum was well received by the audience, which praised the organising parties and the speakers for their efforts to put on such an event during the economic recovery process.
In addition, the forum also featured a prominent line-up of speakers, including Vice Chairman, CII Tamil Nadu State Council and Managing Director, Wheels India Ltd., Srivats Ram, Chairman CSE, Dilshan Wirasekara, Director General,SEC, Chinthaka Mendis and Director of Research CBSL, Dr. P.K.G. Harischandra, who spoke about the Sri Lankan Economy and the Capital Market.
A technical session on the Sri Lankan stock market outlook and sector performances was carried out by the Sri Lankan stockbroking firms, including Director/ Head of Research, Acuity Stockbrokers (Pvt) Ltd Shehan Cooray, Head of Research, CT CLSA Securities (Pvt) Ltd., Oshadha De Vas Gunasekara and Chief Research and Strategy Officer, First Capital Holdings PLC Dimantha Mathews.
The Q&A session where the State Minister of Finance Shehan Semasinghe, Chairman CSE Dilshan Wirasekara, Director General SEC Chinthaka Mendis, Director of Research CBSL Dr. P.K.G. Harischandra, and CEO CSE Rajeeva Bandaranaike, joined as the moderator, was well received by the participants.
The ‘Invest Sri Lanka’ India investor forums are two-part forums. The second forum will be on August 11th at the Taj Lands End Hotel, Mumbai.
Pream Madarasinghe Friday, 11 August 2023 07:25 PM
Utter waste. Before traveling from country to country inviting investors, try to have dialogs with investors currently based in SL. Many are planning to leave or had left the country. I am aware that one investor from Uganda who has put up a Coco Mas manufacturing factory left SL due to unnecessary harassment. Another factor is Sri Lanka is ranked 99 among 190 economies in the ease of doing business,according to the latest World Bank annual ratings. Improve it first to attract investors.
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