The end of the 30-year civil conflict
gave new hope to Sri Lanka. The nation got opportunities to sprang forward
towards economic development. The country now poised for aggressive growth in
various business fields. Foreign investors are finding preferable facilities
that favor company development. Governmental requirements are kept as minimal,
regulatory complexities kept at a marginal level so that more and more overseas
investors get interested in doing business here. However neighboring country like
India has several priority sectors in Sri Lanka.
The co-operative mentality between India and
Sri Lanka is not new. The free trade traditions are continued more many years,
and India remained Sri Lanka’s biggest trade partners so far. Here we will see
several small business ideas in Sri Lanka, that are preferable for Indian
investors.
Tourism
Although this sector is huge and has great perspective in Sri Lanka, an Indian entrepreneur can easily chip
in to do good business in this particular arena. Sri Lanka seem to be setting
their new target records on foreign expats every year. This gives a clear view
of the prospect and opportunity tourism has in this land.
This, however, includes several
other sub-sectors such as resort and guest house business, hotel, motel, and
high-end restaurants and cafeteria business. It has been observed that Indian
investors can have a fair grip in each of these sub-sectors, and the projected
response is very much profitable.
Infrastructure development
Soon after the civil war, Sri Lanka
is facing a wave of infrastructural development. The government of the country is
focusing hard on the country’s internal development. Country is erecting modern
buildings and societies. Residential buildings, new colonies, hospitals,
shopping complexes, and industrial parks, rails, roads, highways and ports are
under constant development and expansions.
This, in turn, asks for huge
construction raw materials in a labor force. What Indian overseas small business
investors can do is manufacturing and starting a business of supplying those
building raw materials. They can also think about supplying and managing man
powers for the nation’s infrastructural developments.
Information Technology
A popular sector where Indian
business owners love to participate in the IT business. This is also called
knowledge services. The sector includes Software development services, Business
automated services, IT training institutes, telecommunication, call center
services, and BPO industries. Every year many Indian investors build their
establishment in this array of business.
According to the Board of
Investment or BOI, there are more than 100 companies, that are doing business
in relevant sectors. The expectation from this business sector projected an
expected revenue of $1 billion and an employment arrangement of 100,000 by
2015. So, it is quite assumable that the expectation and expansion of this
sector are way bigger in the present market. For more information about
Manufacturing
A wide range of products are been
manufactured in the present Sri Lankan market. Either produced or assembled,
manufacturing industries seek high attention in current trade platform in Sri
Lanka. with the political stability in hand, social flourishment is obvious.
This seeks for various products
starting from daily usable soup to medicine, edible products to household
furniture, and household utensils to industrial heavy machines. An Indian
citizen interested to start a small business here can think about this sector
and chose his/her preferred subcategories of the manufacturing sector in Sri Lanka.
Education
Education has a major demand in
Sri Lanka. The enthusiasm is remarkable regarding education in this nation.
Under the typical analysis, it has been found that the rise of candidates
equipped with higher education paid a greater role in leveling up the
country’s economy. Such statistical analysis provoked the rise of the education
sector in Sri Lanka. The projection for 2020, is big about the education sector and
has a vision of making the country among the top listed ones regarding higher
education opportunities.
If you live in India, you will be
glad to know that Sri Lanka is seeking for manpower in various sector on
education. You can even invest in various sub-sectors such as maritime training
institutes, technical institutes, nursing, and engineering centers, etc.
Opportunities are there. There
are several other sectors where an Indian can get priorities if wants to set an
overseas business. As long as the interested one get use to and follow the
corporate norms and regulations of the country, vast opportunities are open
before investors.
If you are residing in India but
ready to roll on your business in Sri Lanka, get in touch with S & F
consulting firm and receive up to date guidance and legal assistance on
company formation and relevant services in Sri Lanka.
In the end, to run a business, all it needs are
persuasion, sufficient capital, hard work and determination which eventually
strengthen an entrepreneur to run forward towards success.
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