Sri Lanka offers joint ventures in pharma industry

ISLAMABAD - Rohita Thilakaratne, President Pak-Sri Lanka Business Council, on Wednesday said that Sri Lanka was planning to set up an industrial park for pharmaceutical industry and Pakistani pharma investors should explore possibilities of establishing joint ventures in that facility in Sri LankaRohita Thilakaratne along with Air Chief Marshal (r) Jayalath Weerakkody, High Commissioner of Sri Lanka, visited Islamabad Chamber of Commerce & Industry and exchanged views with business community on prospects of further improving trade and economic relations between the two countries.He said that textiles and tourism were also potential areas of cooperation between the two countries as tourism was one of the fastest growing sectors in Sri Lanka. Sri Lanka also offers cheap and well trained manpower, which could be an additional advantage for Pakistani investors. Thilakaratne said that by making investment in Sri Lanka, Pakistani entrepreneurs would be able to export their products to huge Indian market and earn substantial profit as Sri Lanka and India were exchanging 110 flights in a week.Air Chief Marshal (r) Jayalath Weerakkody, High Commissioner of Sri Lanka, informed that presently there were only 7 flights from Karachi to Colombo every week and Sri Lanka was planning to start 3 flights every week from Lahore to Colombo to facilitate trade promotion. 

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