Omani investor agrees to continue business in Sri Lanka

After a fruitful dialogue between State Minister of Investment Promotion Dilum Amunugama and Katana Al Obaidani Apparels Company Managing Director, Kalfan Al Obadani, the Omani investor has agreed to continue doing business in Sri Lanka.

State Minister Amunugama said, “it is not only damage control but has given an opportunity to re-strengthen ties between the Omani investor and the BOI and secured employment of more than 400 and the livelihood of more than 1,500 Sri Lankans.’’

State Minister Amunugama reached this agreement after meeting Omani investor Kalfan Al Obaidani and Yasir Lahir, Managing Director of Al Obaidani Apparels Company, along with Renuka Weerakone, Director General of the Board of Investments of Sri Lanka at the ministry on Tuesday.

Amunugama, who expressed his regret on behalf of the Sri Lankan government over the incident, also apologized to the Omani investor on behalf of the Sri Lankan people.

Considering the present situation, and the company’s logistic requirements, the Minister advised BOI officials to provide a convenient location to resume operations.

Amunugama said the discussion revealed that this incident is not an isolated incident and that this company has had to face such problems for years and they have complained about this recently.

He also said a long-term solution will be provided to avoid problems of such nature in the future.