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BANKING ON BRI PROJECTS
Maritime Gateway
|March 2020
The majority of Sri Lanka’s private sector wants the government to play a supportive role in facilitating and promoting joint ventures between Chinese and local firms to fully harness China’s benefits of the Belt and Road Initiative
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The Sri Lankan private sector is bent upon utilising the full potential of the Chinese Belt and Road Initiative and they expect the Sri Lankan government to play a supportive role in facilitating and promoting joint ventures between Chinese and local firms. These facts were revealed by a survey conducted by the Ceylon Chamber of Commerce. Among the respondents, 28 per cent of the participants viewed the facilitation of joint ventures between Chinese and local firms as the top priority of the government for local businesses, to derive the benefits from the BRI projects. 22 per cent of the respondents also sought the government’s support to initiate businesses on the reclaimed land of Colombo Port City, a key BRI project in Sri Lanka.
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