The BOI delegation was headed by Upul Jayasuriya the Chairman, assisted by Duminda Ariyasinghe, Director General. The EDB side was led by Ms. Indira Malwatte, Chairperson, assisted by Ms. Jeewani Siriwardane, Additional Director General - Development.

During the meeting the attention of the both sides was focused on the areas such as Boat and Yacht building in Sri Lanka, Automobile components manufacturing, and pharmaceutical sector.

There was an agreement that the infrastructure around Yacht Building also needs to be developed including the construction of several marinas to make the Island an interesting and attractive yachting destination. The BOI officials confirmed that they are currently evaluating several project proposals to build marinas in the Island.

At the discussions on Automobile components manufacturing industry which would supply automobile parts to manufacturers overseas it was revealed that several overseas enterprises had shown interest in this particular sector. Sri Lanka should therefore take action to develop this industry and be in a position to supply both local and foreign clients.

The other area discussed was the pharmaceutical sector and the steps that need to be taken to build up a pharmaceutical manufacturing capacity in the country.

Both sides also examined the question of developing a research capability in the Island which would lead to investments where knowledge and technology could be developed in the country. Hence the two agencies agreed that they will approach leading research institutions in Sri Lanka with the view of developing value added products particularly in areas such as tea, rice and other foods products.

 
Currently both agencies are working very closely in the management and facilitation of the World Economic Development Forum (WEDF) which will be held in October this year.