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Monday, April 19, 2010

Sri Lanka - International trade fair attracts major players: Blue chips eye Jaffna business

Major blue chip companies were exploring business opportunities in the former war-torn areas in the country through the Jaffna International Trade Fair 2010 which began yesterday at Jaffna Central College.

The organizers of the event, Lanka Exhibition and Conference Services Director Imran Hassan told Daily News Business large scale companies like John Keells, Aitken Spence, Mackwoods, Jinasena, CIC and Cargills participating in the Jaffna International Trade Fair 2010 will be an ideal platform for them to explore business opportunities in the Jaffna peninsula.

“Even though yesterday was the first day of the trade fair there was a good response from participants and the Jaffna people,” Hassan said.

Jaffna Trade Fair 2010

* Over 200 companies

* Expects over 20,000 visitors daily

* Over 20 Indian companies

Over 200 foreign and local companies are participating at this three day trade fair. Organizers expect over 20,000 visitors per day.

Over 20 Indian companies are participating at this event.

These companies are focusing on agriculture, food processing, construction and packaging industries in Jaffna peninsula.

These companies are seeking joint ventures with local partners to set up their operations in Jaffna. Organizers also expect Indian visitors at the trade fair.

There will be a Business Forum to facilitate one-on-one business meetings with potential partners. “We have invited government officials representing Export Development Board, Board of Investment and the Environmental Ministry to educate potential investors on facilities and regulations to commence businesses,” he said.

The main objective of organizing this event is to link Jaffna community with the business community in Colombo and fast track the industrialization of Jaffna peninsula, Hassan said.

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source - http://www.dailynews.lk