changing the landscape of sri lanka
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Reinforcing National Development StrategyTRANSCRIPT
Changing the Landscape of Sri Lanka
Reinforcing National Development Strategy
WHY SRI LANKA
SRI LANKASRI LANKA
Air Air RoutesRoutes
Sea Sea RoutesRoutes
• Island Nation of 65000 Sq. Kilometers
• Population of 20.9 Million
• Strategically connected to major shipping and air routes to the East and West
• Peace and Political Stability
• GDP Growth Rate of 6.4% (2012), 2nd Qtr 2013 6.8%
• FDI (2012) - $ 1.34 Bn.
• Per Capita Income US$ 2,923 (2012) wealthiest among its South Asian neighbors'
• Literacy rate 92% intelligent labor force
• Never defaulted on international debt obligations
INTERNATIONAL CONFIDENCE
The Ancient Silk Route once again an International Pathway
LEADERSHIP
The WILL, The VISION and Bold DECISION MAKING
The Mahinda Chintata – “Vision for the Future”
“The objective of our next massive leap forward is to transform Sri Lanka to be a strategically important economic center of the world. My determination therefore, is to transform Sri Lanka to be the Pearl of the Asian Silk Route once again, in modern terms using our strategic geographical location effectively. I will develop our Motherland as a Naval, Aviation, Commercial, Energy and Knowledge hub, serving as a key link between East and West.”The Ancient Silk Route once again an International Pathway
WHY SRI LANKA? Business Environment
Total Foreign Ownership
Unrestricted repatriation of earningConstitution guarantees foreign investmentsStrong intellectual property laws in line with WIPO
Signatory to the Multilateral Investment Guarantee Agency (MIGA) of the World Bank.
Investment Protection Agreement and Double Taxation Relief Agreement with over 25 countries, including Singapore
Multilateral Investment Guarantees
Belgium/Luxemburg, Canada, China, Denmark, Egypt, Finland, France. Germany, Iran. India, Italy, Indonesia, Japan, The Republic of Korea, Luxemburg, Malaysia, Netherlands, Norway, Pakistan, Romania, Singapore, Sweden, Switzerland, Thailand, Britain, and USA.
MACRO ECONOMIC PERFORMANCES ON AN UPWARD TREND
2009 2010 2011 2012 2013 2nd Qtr
Growth in GDP in Real Terms % 3.50 8.00 8.20 6.40 6.80
Per Capita GDP US$ 2,057 2,400 2,836 2,923
Unemployement % 5.80 4.90 4.20 4.00
2012 May-13
Foreign Direct Investments US$ Mn
1,340.00
537.00
(Finalization of current FDI pipeline will raise FDI to US$ 2,000Mn by end of year)
Net Inflows to Stock Market US$ Mn
302.00
120.20
Net Inflows to Banking System US$ Mn
554.00
664.30
Net Inflows to Govt Securities US$ Mn
78.50
664.40
SOCIAL INDICATORS
SOCIAL INDICATORS
Sri Lanka- Level of Economic Freedom (2012)
Heritage Foundation / Wall Street Journal
Under article 157 of the country’s constitution, no force of law and no legislative, executive, or administrative action can be taken to contravene the provisions of a bilateral investment agreement except on grounds of national security.
WHY SRI LANKA?
Vavunia
SigiriyaPolonnaruwa
Ampara
Ratmalana
Katukurunda
Koggala
Katunayaka International Airport
Aviation Hub
Mattala – 2nd international airport
Modernization of the Katunayake International Airport
WHY SRI LANKA?WHY SRI LANKA?
Trincomalee PortTrincomalee Port
Kankesanthurai Port Kankesanthurai Port (KKS Port)(KKS Port)
Oluvil PortOluvil Port
Hambantota Port
Galle Port
Colombo South PortColombo South Port
NAVAL HUB
Outer Circular Highway
Northern Highway
Katunayaka-Anuradhapura Highway
Colombo-Colombo-KatunayakaKatunayakaHighwayHighway
Southern Highway
Southern Highway Extension
Development of High Mobility Network• Colombo - Katunayake Expressway (25km)
• Southern Highway (126km)
• Outer Circular Highway (28km)
• Colombo - Kandy Highway (98km)
• Katunayake - Padeniya - Anuradhapura (153.3km)
Colombo-Kandy Colombo-Kandy HighwayHighway
WHY SRI LANKA?WHY SRI LANKA?Transforming Sri Lanka into a strategically important
economic centre
Energy HubEnergy Hub Telecommunications HubTelecommunications Hub• Develop own energy resources Develop own energy resources • Build new refineriesBuild new refineries• Acquire technical know-how on Acquire technical know-how on
how to conduct international how to conduct international trade in oiltrade in oil
• Sri Lanka is being developed as Sri Lanka is being developed as regional hub for telecommunicationsregional hub for telecommunications
• Fastest growth sector driven by public Fastest growth sector driven by public private partnershipprivate partnership
• Development of faster and more Development of faster and more efficient technologiesefficient technologies
• Fiber Optic Cables with Fiber Optic Cables with SEA-ME-WE SEA-ME-WE IVIV
– (Connectivity Bandwidth - 1.32 (Connectivity Bandwidth - 1.32 terabits per secondterabits per second))
WHY SRI LANKA?WHY SRI LANKA?Transforming Sri Lanka into a strategically important
economic CentreKnowledgeKnowledge HubHub Commercial Commercial
HubHub
• Introduce scheme to reverse brain Introduce scheme to reverse brain drain and obtain knowledge and drain and obtain knowledge and services of local experts who have services of local experts who have excelled internationallyexcelled internationally
• Make significant changes to the Make significant changes to the education structure of universities, education structure of universities, technical colleges and tertiary technical colleges and tertiary education institutionseducation institutions
• Commence training programmes Commence training programmes that directly target foreign marketsthat directly target foreign markets
• Restructure the education and Restructure the education and knowledge systems that Sri Lanka knowledge systems that Sri Lanka becomes a hub for knowledge and becomes a hub for knowledge and learning in the world. learning in the world.
Establish Sri Lanka as the foremost Establish Sri Lanka as the foremost centre in the provision of centre in the provision of commercial services, international commercial services, international banking and international banking and international investmentsinvestments
“ Sri Lanka, the fastest growing Asian economy after China”
“ Sri Lanka has emerged from a decades–long war, and is enjoying an economic revival. It is currently the second-fastest growing Asian economy after China , a fact not lost upon the IMF, Which recently upgraded Sri Lanka to middle income emerging market status ”
Teo Chee Hean Deputy Prime Minister, Minister for Home Affairs, Co-ordinating Minister for National Security and
Minister-in-charge of the Civil Service
WHY SRI LANKA?
Sri Lanka India Thailand Vietnam China
Labour(Monthly)
Shop floor
120 306 263 114 364
Managers 696 1291 1423 641 840
PowerBusiness (per Kwh)
0.09 0.07 0.12 0.06 0.12
WaterBusiness (per cum)
0.48 1.045 0.415 0.38 0.94
Office rent (per sqm)17.4 71 22 38 114
Housing 1353 1965 1935 2550 4629
Telephone - Local (per min.) 0.02 0.02 0.1 0.01 0.03
Internet (Broad band monthly charges)
14 26 89 169 18
Factor Costs US$
Source : JETRO survey 2010
CHELINA CAPITAL CORPORATION
CHELINA CAPITAL CORPORATION
CHELINA CAPITAL CORPORATION
CHELINA CAPITAL CORPORATION
Chelina Capital Corporation has an array of exciting projects that are in the process of being developed to an investor ready stage in various sectors of the economy of Sri Lanka
The following pages will present highlighted projects for your perusal.
Taprobane Business Center and Financial Hub
•The only such land parcel of contiguous 30 acres In a investment frontier
•99 Year lease
•Land valuation close to USD 150 Mn
•A Master Developer could deposit 10% in SIA account and sign agreements with Gosl
•Live Work and Relax self contained community
•Access to Leisure and Entertainment city on D R Wijewardhane Mawatha•PWC viability report available
More details >
Keppetipola Mawatha Housing Project
•Total land area 16 acres•For the 11towers 5 acres•Balance 11 acres on 99 year Lease to investor
AT PRESENT 70 Summit Flats1090 sq.ft. floor areaRequired:600 apartments 1500 sq.ft.USD 150,000 per apartmentTotal Cost USD 75 million
LAND PRICEUSD 35,000 / 25sqmt (perch)
More details >
VAUXHALL STREET PROPERTY
The Property Total Sq, Ft area – 69,088 sq. ft.
Buildable area (80% of land) - 55,270 sq. ft.
Saleable area (70% of Land) - 48,362 sq. ft.
Proposed 35 floors – 1,934,450 sq. ft.Saleable area - 1,692,656 sq. ft.This land is being held and possessed by the Developer on a 30-year Lease Agreement with Government. According to the Agreement the lease can be extended to a 99-year Lease Agreement
More details>
KALPITIYA
Islands on offerName on offer (ha)Baththalangunduwa 124.67Pallitawatta 59.37Eramutivu 90.56Mutwal (Dutch Bay) 201.28Periya Archchalai 44.41Sinna Archchalai 16.86Sinna Eramutivu 2.11Eramitivu West 4.25Kakativu 27.15
•SL Rs. 10 million to 12 million per acre depending on extent•99 year Lease•Still available for investment•Tax Incentives•2 million tourist arrivals •JV with local partner
More details>
Sampur/ Trincomalee harbour
Mega Investment in Trincomalee
To develop, operate, and manage a special industrial zone for heavy industries around the north eastern Trincomalee Harbor.
MORE DETAILS
Hambantota Port
Entrepot opportunities
Provides opportunities to establish business ventures and industrial units in an area developed in all spheres to divert congestion of industries and other activities in the Western Province
More details >
The Sri Lankan Government has approved 23 project proposals for setting up industries in the Hambantota district.
Solar Power Projects
Sri Lanka’s Commitment to Green Energy
2 PV Solar Power Projects10MW each
45 Acres each allocated for the projects in HambantotaCan be purchased with all approvals on a plug-& Play basis
Cost - US$ 5 Mn each
More details >
Buruthkanda Solar Park
Maximum Capacity 1237 KW
Annual Generation 1,7GWh
OIL EXPLORATION IN SRI LANKA
"Sri Lanka hopes to join the natural gas producing nations' club, we are looking at natural gas production around 2017-2018," – Chairman Petroleum Resources Development Secretariat `Oil majors Exxon Mobil Corp, Royal Dutch Shell PLC and France's Total have shown interest in bidding for blocks offered in Sri Lanka's current licensing round`Cairns India to bid for another block in the second licensing round.
Katunayaka Highway
BIA
Ideal for an Airport Hotel, almost opposite of the Bandaranayake International Air Port (BIA). The Katunayake expressway’s is 500m from the site. This expressway will be open in August 2013. It will only take 20 minutes to reach Colombo using the highway.Land extent : 7A-2R-12P (3.0603Ha)Estimated land cost : Rs. 250,000.00 per perchDevelopment : 4 star / 200 roomsBIA is the gateway to the city for international travelers. Last year, almost 1.0 million passengers flew to and from BIA and that number should increase over the next few years.
KATUNAYAKA AIRPORT HOTEL
In 1805, Sir Thomas Maitland, a military General, sailed to the island of Ceylon) to assume duties as the second British Governor. He had the desire to build a grand country mansion for himself. He chose a location today known as Mount Lavinia. It was in the year 1806 that Governor Maitland built his new residence, a house fit for a king. This mansion is today the Mount Lavinia Hotel
St. Rita’s Road, Mt Lavinia – Passing Mt. Lavinia junction, proceed south about 200m and on to the right (sea side) is St. Rita’s Road. It’s a rectangular block facing the sea, in extent of 134.5p.
More details >
Mt Lavinia Hotel
Mt. Lavina beach
Mt Lavinia Property
More Details
Sale of 45% of the existing issued share
capital of a
LICENSED SPECIALIZED BANK
In Sri Lanka
Transaction Ticket Size US$ 23 Mn
More Details
More Details
Sale of 45% of the existing issued share capital of a
FULLY INTEGRATED
TELECOMUNICATIONS SERVICE PROVIDER
In Sri Lanka
Transaction ticket size US$ 245 MnMore Details