The newly appointed BOI Chairman Raja Edirisuriya toured the Hambantota International Port (HIP) earlier this month. The chairman’s delegation, which included the Director-General and Directors of the BOI, were given an overview of the port by Hambantota International Port Group (HIPG) COO Tissa Wickramasinghe, and CFO Raymond Mu.
Wickramasinghe said, “The Chairman and delegation agreed to address and rectify the critical core concerns of HIPG ensuring a smooth process for investors to capitalize the full potential of their investments made in the Port of Hambantota. The BOI would facilitate in terms of providing their support and presence along with HIPG, in working with relevant government agencies. We greatly appreciate the support extended by the BOI.”
“The main role of the Board of Investments is to support investors in Sri Lanka including HIPG for which it is a Strategic Development Project (SDP) registered under the BOI. We have discussed all the work that the port is currently carrying out in its port services, industrial park, energy services terminal and the current difficulties and concerns which we take very seriously. We will critically evaluate the issues one by one and discuss them with HIPG. The BOI will facilitate in sorting out the problems after identifying the root causes and will intervene with other parties such as government institutions for better solutions,” said the BOI Chairman.
HIPG CEO Johnson Liu is of the view that Sri Lanka will soon be able to overcome the economic setbacks it faces and embrace greater development momentum. “We are doing our part to position Sri Lanka as a win-win opportunity for the investor community. Our port investment services team is actively promoting Sri Lanka abroad and we have also set in place an internal mechanism to accelerate processes.
This blueprint which is known as ‘HIP Speed’ is specifically designed to overcome bottlenecks in the establishment of new ventures within the port’s industrial park. We are positioning HIP as a successful multipurpose port for Sri Lanka and support from the state sector is vital.”
The Board of Investment (BOI) and Industrial Development Board (IDB) have already set up offices in the port’s main administration building and the port operator is in the process of coordinating their operations with the state agencies to create a more attractive investment climate.