Sri Lanka is witnessing a surge in high-tech investments from China, specifically targeting the Artificial Intelligence, robotics, and Electric Vehicle (EV) assembly sectors. Several agreements signed this quarter pave the way for technology transfer and the establishment of assembly plants in the Mirijjawila Export Processing Zone.
This shift marks a departure from traditional infrastructure loans to direct industrial investment. “This is about value addition. We are moving from building roads to building the vehicles that run on them,” stated a BOI official. The investments are expected to create thousands of specialized engineering jobs.
References:
- Board of Investment of Sri Lanka: https://investsrilanka.com/
- Embassy of the People’s Republic of China in Sri Lanka: http://lk.china-embassy.gov.cn/eng/
