Thursday, May 28, 2009

SRI LANKA: Preparing For a New Chapter of Development

By Feizal Samath

COLOMBO, May 28 (IPS) - As Sri Lanka prepares for a new chapter of development after ending nearly three decades of conflict, ecologists among other experts here are calling for a ‘green’ revolution against the usual foreign investment, private sector-driven type of progress.

Foreign investors are already inquiring about the prospects in the war-weary north - now cleared for an economic boom - while five-star hotels in Colombo are seeing increasing demand for their rooms from foreign businessmen and Sri Lankan expatriates. The government is inviting the Sri Lankan Diaspora to invest in or return to the country, and at the same time is urging big business from overseas to invest here. Full text Share on Facebook