Question

To ask the Secretary of State for Business, Innovation and Skills, what support UKTI is giving to British firms wishing to invest in Sri Lanka.

UK Trade and Investment’s (UKTI) team in the High Commission in Colombo (who cover Sri Lanka and the Maldives) provide advice to and support actual and potential UK investors. This can include advice on market opportunities, local partners and legal and regulatory requirements. They also offer the full range of UKTI services and support to British companies selling or looking for opportunities to sell goods and services in Sri Lanka. The High Commissioner regularly supports British companies, including by hosting and speaking at events and lobbying for them. The High Commission team works closely with the independent Council for Business with Britain, a trade grouping that many British investors in Sri Lanka are members of, to encourage and support continuing growth in business relations between the UK and Sri Lanka.

The UK is consistently a top ten investor in Sri Lanka, ranking 7th in 2013, the latest year for which official figures are available. These investments range widely, from financial services to education, from traditional industries to cutting edge IT development.