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Hambantota International Port Group promotes Lanka as haven for investors

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Zhanjiang - Investment Promotion Event

A comprehensive promotional plan has been put in place by the Hambantota International Port Group (HIPG) to position the Port and its industrial zone as a haven of opportunity for setting up light industries. Many potential investors have been reached and discussions are ongoing for direct investment into the zone.

HIPG’s expert Port Investment team has been stationed in China for about a year, to inform and educate potential investors about new opportunities in Sri Lanka.  “We have approached more than 100 enterprises and public institutions which include investors, government sector and industry associations in Beijing, Tianjin and Hebei, East China, the Yangtze River Delta and the Pearl River Delta region, etc.

“Our industry research and investment promotion activities have shown us that although potential investors know Sri Lanka as a tourist destination, they know little about the Hambantota Port and the opportunities, the country can open up from a more industrial and business related perspective.  They are unaware of the investment environment in Sri Lanka and HIP for overseas investment, a situation we intend to remedy,” says Justin Zhang, General Manager of Port Investment Services, HIPG.

What is of primary concern to these investors is the supply chain, both upstream and downstream.  “They are familiar with market conditions where there are a multitude of raw material suppliers for different industries that can make market conditions competitive, which goes towards mitigation on the volatility of the supply of materials for production.  This is something HIP is working on parallel to bringing these investments into the country, which is in our Master Plan,” says Tim Xiao, Senior General Manager, Port Investment Services and General Affairs.

Currently the HIPG Port Investment Services team is on the ground promoting the zone to diverse industries that will fit into the port’s Master Plan in upstream and downstream connectivity in port-related industries. The preferred industries are rubber and tyre, electric vehicles, electronic equipment, home electrical appliances, new materials for building, nano materials, etc. The investors are being made aware of what Sri Lanka has to offer in terms of tax incentives, low costs of labour, utilities, etc., as well as benefits arising from the country’s Free Trade Agreements. The strategic location of the Hambantota Port is another advantage for investors in terms of proximity to their markets coupled with the multifunctional logistics, port facilities and the added benefits from an industrial park adjacent to the port.

“Our endeavour in bringing FDIs into Sri Lanka, is to connect Sri Lankan and foreign partners in various industry sectors so that the country will realise its full potential. When approaching investors, we usually introduce the “HIP Speed” concept which includes our professional and efficient project team in Sri Lanka and China and the One-Stop Service facility. We also showcase projects such as our ‘Park in Park’ manufacturing operation, the Ceylon Tyre Manufacturing Project and SeaHorse Yacht building as examples of how “HIP Speed” operates,” says Johnson Liu, CEO, HIPG.

HIPG says the future holds great opportunity for the South of the country, both in terms of skilled and semi-skilled employment and for Sri Lankan investors to set up factories to strengthen the supply chains that will create win-win solutions for everyone. “One of our main objectives is to make HIP a Gateway Port for the Southern hinterland.  This requires more industries to be integrated into a smoother supply chain that could be developed, to cater to a massive export market for Sri Lanka,” says the CEO of HIPG.



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SL defenceless, warn experts

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New COVID variants

By Rathindra Kuruwita

Due to the lax testing at the Bandaranaike International Airport (BIA), there is a strong possibility that any new variant of COVID-19 entering the country, College of Medical Laboratory Science (CMLS) President, Ravi Kumudesh told The Island yesterday commenting on the detection of a new coronavirus variant spreading in South Africa.

Even a travel ban would be useless unless the country enhances its testing and surveillance capacities, Kumudesh said.

Kumudesh said that PCR tests were not conducted on passengers on arrival and that it was likely that even those not fully vaccinated were entering the country. “Gene sequencing in respect of those infected with COVID inside the country was at a minimal level, and therefore, there is no way we can find out whether a new variant has entered the country until it is too late.

“There are two state-of-the-art labs in the BIA but no tests are done there. We are not ready, at all. Several nations are imposing travel bans on travellers from South Africa and the region. Perhaps, we should follow suit. However, the fact that we don’t test those coming in means that even a travel ban might be useless,” he said.

Kumudesh added that the number of PCR tests conducted had dropped to such a low level that reagents used in some labs for PCR testing are now nearing the expiry dates. The attitude of health officials at the airport is such that everyone operates on the basis that testing of passengers is not important.

Executive Director of the Institute for Health Policy (IHP), Dr. Ravi Rannan-Eliya yesterday said the detection of the new South African variant was potentially very bad news for all countries, and certainly for Sri Lanka.

“We still don’t have sufficient data on this, but I am very worried. It was only discovered a few days ago, but the scanty evidence strongly indicates that this new variant is driving a rapid increase in infections in S Africa. Only 100 cases have been confirmed officially, but reports indicate it may be 90% of new cases since Wed in Johannusburg,” he said.

Dr. Rannan-Eliya said that his best guess was that three out of four South Africans had been infected by COVID during the pandemic. Thus, a large number of them had acquired natural immunity. Moreover, 25% of others have been vaccinated.

“So this rapid spread despite a lot of immunity is very disturbing. This really points to this new variant—B1.1.529—being both more infectious and also significantly immune resistant. Something that also matches with its particular mutations,” he said.

Dr. Rannan-Eliya said he was not surprised at the emergence of the new variant because contrary to many experts who drink the kool-aid, there is no scientific basis to think SARS-CoV-2 had matured in its evolution. It might still have a lot of potential to evolve greater immune evasion and virulence, and that we should act on that basis.

“Second, because most of the world is following the misguided strategy of just accepting the virus (hey you – USA, UK, Sri Lanka…), the virus has plenty of chances to keep on mutating more because the truth is more of the virus is circulating than ever before. Third, despite a lot of nonsense about how T-cell immunity is going to protect us, there’s really no evidence that either infection or current vaccines and boosters will ever give us long-lasting immunity. We simply don’t know.”

Countries like South Africa, Peru, etc., who had such high levels of infection that much of their population was infected more than once, still continue to suffer new waves of infection.

“So this is bad news for all of us humans on planet earth, but very definitely for us in Sri Lanka. Why? Because based on how our medical establishment and govt authorities think, we will be slow or refuse to put the necessary border controls in to prevent this entering. And when it does enter-which is inevitable if this variant spreads globally–we will be slow to detect its entry, we will refuse to sound the alarm, and we will do everything but actually attempt to stop it. That’s been our track record, so why would it change? Worth noting that if this starts a new wave in Southern Africa, it’s just three to four months after their third wave. So just as immunity starts waning appreciably from natural infection (or vaccines). That gives us a strong hint of what our future holds unless we end this pandemic.”

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Navy deploys lagoon craft at Kurinchankerny until construction of new bridge

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Residents waiting for the boat

Sri Lanka Navy began providing transport facilities at the Kurinchankerny lagoon following the recent tragedy that claimed several lives. This service will continue until the construction of a new bridge at Kurinchankerny, Kinniya in Trincomalee is completed.

This initiative was set in motion following the directives of Commander of the Navy, Vice Admiral Nishantha Ulugetenne. The Navy deployed a Lagoon Craft, capable of carrying 25 passengers safely at a time from Thursday (25) under the supervision of the Eastern Naval Command. The lagoon craft will be in service from 7.00 a.m. to 8.00 a.m. and from 12.00 noon to 2.00 p.m. each day. Further, the Navy erected a temporary jetty to allow passengers to board the vessel safely.

A schoolgirl on her way to the ferry
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UN Assistant Secretary General during talks with President pledges to work closely with Sri Lanka

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The United Nations will always work closely with Sri Lanka, said Khaled Khiari, UN Assistant Secretary General for Political, Peacebuilding and Peace Operations. Khiari made these remarks when he met President Gotabaya Rajapaksa at the Presidential Secretariat, on Thursday (25).

UN Assistant Secretary General Khiari is visiting Sri Lanka as a follow-up to the bilateral meeting with the President and the UN Secretary- General Antonio Guterres held in September this year on the sidelines of the 76th Session of the UN General Assembly. Khiari conveyed the best wishes of UN Secretary-General Guterres to President Rajapaksa and said that the UN is willing to engage in a constructive and positive engagement with Sri Lanka.

Expressing satisfaction over the President’s affection and interest in the environment, the Assistant Secretary General appreciated Sri Lanka’s commitment to achieving the Millennium Development Goals. The President explained that steps are being taken to plant 100,000 mangroves with the assistance of the Navy and actions are being taken to prevent climate change through environmental conservation programmes.

President Rajapaksa expressed gratitude to the UN agencies and donors that have assisted Sri Lanka through the COVAX facility to make the vaccination drive successful and in facing other challenges in the face of the COVID-19 epidemic.

The President pointed out that the government’s development programme implemented in the North and East after the end of the war in 2009 had brought about rapid development. The President recalled his invitation made while participating in the UN General Assembly to the diaspora to work together with all communities after visiting Sri Lanka. The President said that he hoped that the invitation would be met with positive initiatives.

The two sides exchanged views on unity and relations between communities. An environment where all communities can live freely has been made available in Sri Lanka. The President pointed out that the Minister of Justice is from the Muslim community, the Attorney General is from the Tamil community and many of those holding other key posts are of different communities. President Rajapaksa said the government has undertaken a great task in building unity among the communities and therefore, no one should have any doubt in this regard.

Both sides were of the view that education was fundamental to unity among the communities. President Rajapaksa said that the process by which South Africa has been able to end apartheid and move forward will be studied and the lessons that can be learned from it and what can be implemented will be looked into. The President also expressed hope that the United Nations will provide assistance in this regard.

Secretary to the President Dr. P.B. Jayasundera and Principal Advisor to the President Lalith Weeratunga, Resident Coordinator of the United Nations in Sri Lanka Hanaa Singer-Hamdy, and Political Officer at the UN Peace Operations Department’s Political and Peacebuilding Affairs Department Chiaki Ota were also present.

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