9/23/2016 SRI LANK SRI LANKA Trade and Investment Trade and Investment Opportunities Opportunities SRI LANKA • Island Nation of 65000 Sq. Kilometers Air Routes • Population of 21 Million • Labour Force - 8.928 million (2015 est.) • Ethnic groups: Sinhalese 74.9%, Sri Lankan Tamil 11.2%, Sri Lankan Moors 9.2%, IndianTamil 4.2%, other 0.5% • Religions: Buddhist (official) 70.2%, Hindu 12.6%, Muslim 9.7%, Roman Catholic 6.1%, other Christian 1.3%, other 0.05% Sea Routes • Literacy rate 93.3% (2014) • Strategically connected to major shipping and air routes to the East and West B o a r d o f I n v e s t m e n t o f S r i L a n k a 1
9/23/2016 MACROECONOMIC MACROECONOMIC PERFORMANCE PERFORMANCE Sri Lanka - Key Economic Indicators 2005 2010 2015 GDP at Current Market Price 23.5 56.7 82.3 (USD. Bn) GDP Growth % 6.2 8.0 4.8 GDP per Capita 1,241 2,744 3,924 (USD) Inflation % 11 6.2 0.9 Total Exports 6.3 8.6 10.5 (USD Bn.) Total Imports 8.9 13.5 18.9 (USD Bn.) Unemployment rate (%) 7.2 4.9 4.6 Source: Central Bank of Sri Lanka, 2015 2
9/23/2016 ECONOMIC ECONOMIC INFRASTRUCTUR INFRASTRUCTUR E INFRASTRUCTURE - FORGING AHE 3 3 rd terminal expressways of Colombo (170 km) in Port added the last 5 2.4 million years TEU in 2013 Recently A new completed internati key projects onal port 22% increase construct in energy ed in the generation, South, 10 2010 - 2015 km from the main maritime 2 nd international route airport at Mattala connectin g East & Source: Central Bank of Sri Lanka, Sri Lanka Ports Authority and Airport and Aviation in 2013 added S i (P t) Ltd 3
9/23/2016 Best in Best in South Asia for Overal South Asia for Overall Quality l Quality of of 2 National Infrastructure National Infrastructure 124BANGLADESH Overall PHILIPP ILIPP 106 Quality of INES INE 102 CAMBODIA VIETNAM 99 National Infrastructure 2015 74 INDIA (rank out of 71 THAILAND 140 countries) 26 SRI LANKA 16 MALAYSIA Source: Global Competitiveness Report 2015-2016, World 103 103 Sri Lanka MOBIL ILE E India, PENETRATI ATION ON 71.8 Pakistan, ECONOMIC INFRASTRUCTURE (Subscriptio Bangladesh 75 ns South Asia per 100 persons) 30 30 INTERNET INT PENETRATI ATION ON 10 (Users per 17 100 persons) 88.7 88.7 ACC ACCESS TO TO ELECTRICI ICITY TY 77.3 (Subscriptio 78 ns per 100 persons ) 18.7 18.7 ACCESS TO ACC TO FINAN ANCE CE 10.2 (Number of 10.1 branches per 100,000 adults) Source: Road Development Authority, Economic and Social Statistics 2015, Central Bank of Sri Lanka, World Bank Database 2014/12, Household Income and Expenditure Survey 2012/13, Department of Census and Statistics of Sri Lanka 2012 UNDP H man De elopment Report 2012 4
9/23/2016 EASE OF DOING BUSINESS RANKINGS Sri Lanka India Bangladesh Vietnam China Indonesia Ease of doing business 107 130 174 90 84 109 (overall) 98 155 117 119 136 173 Starting a business 90 133 172 99 96 105 Trading across borders Resolving Insolvency 78 136 155 123 55 77 Source : Doing Business 2015 - World bank / IFC B o a r d o f I n v e s t m e n t o f S r i L a n k a Factor Costs - Competitive with Asian Neighbours Indonesi India Thailand Vietnam China Myanmar Sri Lanka a Shop floor 141 260 286 130 538 209 68 工场 Labour (US$ Managers Monthly) 885 1,431 1,597 1,020 2,001 1,448 562 (1) 0.08 – Power for 0.15-0.20 0.09 0.036 – 0.14 0.13 0.08 0.12 Business (US$ per Kwh ） (24x7 power) (2) 0.08 – 0.163 0.12 Water (1) 0.65 (1) 0.39 Business (US$ per cum) 0.46 0.30 – 0.51 0.98 1.37 0.88 (2) 1.12 (2) 0.73 Office rent (US$ per sqm) 15 - 18 13 20 34 – 36 119 20 1.86 – 45 Housing (US$ per month) 2,791 – (1) 1,580 2,600 – 2,428 – 1,700 – 1,600 2,500 4,652 (2) 2,687 2,700 6,829 2,500 Telephone - Local (US$ per min.) 0.01 – 0.02 0.01 0.1 0.01 0.03 0.01 0.02 Internet (Broad band) (US$ per month) 77.85 61.4 60 83.68 47 83.46 1,500 B o a r d o f I n v e s t m e n t o f S r i L a n k a 5
9/23/2016 SOCIAL SOCIAL INFRASTRUCTUR INFRASTRUCTUR E 6 MALAYSIA MALAYSIA 2 73 SRI LANKA SRI LANKA HIGH HUMAN DEVELOPMENT 9 THAILAND THAILAND 3 Human Development 1 PHILIPPINES PHILIPPINES Index Ranking 1 VIETN VIETNAM 1 2015 (out of 188 1 5 6 countries) 1 INDIA INDIA 3 0 1 BANGLADESH BANGLADESH 1 CAMBODIA CAMBODIA 4 4 2 3 Source: Human Development Report 2015, United Nations Development Programme 6
9/23/2016 SOCIAL INFRASTRUCTURE: EDUCATI LITERACY RATE MEAN YEARS OF (15+, % of population, SCHOOLING (of adults, 2015) years) (2013) SRI LANKA 10.8 THAILAND 96.7 MALAYSIA 9.5 PHILIPPINES 96.3 MALAYSIA 94.6 PHILIPPINES 8.9 VIETNAM 94.5 THAILAND 7.3 CAMBODIA 5.8 SRI LANKA 92.6 VIETNAM 5.5 CAMBODIA 77.2 INDIA 72.1 BANGLADESH 5.1 BANGLADESH 61.6 INDIA 4.4 Source: Human Development Report 2015, United Nations Development Programme, UNESCO Institute for Statistics 2015 estimates UNDP 2013 SOCIAL INFRASTRUCTURE: HEALTH LIFE EXP LIFE EXPECTANCY AT ECTANCY AT MATERNAL ERNAL IMPROVED ROVED BIRT BIRTH MORTALITY TALITY SANITATION ITATION (Years, 2015) (Deaths per 100,000 (% of population live births, 2015) with access, 2015) 75. THAILAND 20 MALAYSIA 96% VIETNAM 8 SRI LANKA 30 SRI LANKA 95% 74. SRI LANKA 2 MALAYSIA 40 THAILAND 93% 74. THAILAND VIETNAM 54 VIETNAM 78% 2 71. PHILIPPINES 114 PHILIPPINES 74% BANGLADESH 2 CAMBODIA 161 BANGLADESH 61% 68. MALAYSIA 1 INDIA 174 CAMBODIA 42% 68. PHILIPPINES BANGLADESH 176 INDIA 40% 1 67. CAMBODIA 8 Source: World Development Indicators, World Bank, Trends in Maternal Mortality 1990 – 2015, UNICEF 7
9/23/2016 LABOUR AND EMPLOYMENT 35% Female 65% Male 54% 54% Labour Force Participation rate 45% Services 27% Industry 4.6% 4.6% Share of Employed Unemployment Rate 28% Agriculture Source: Annual Labour Force Survey 2014, Department of Census and Statistics of Sri Lanka, World Development I di t W ld B k LABOUR FORCE AT ITS LARGEST 1971 2001 1981 2012 Female Female Female Female Male Male Male Male 80 & Over 80 & Over 80 & Over 80 & Over 75 - 79 75 - 79 75 - 79 75 - 79 70 - 74 70 - 74 70 - 74 70 - 74 65 - 69 65 - 69 65 - 69 65 - 69 60 - 64 60 - 64 60 - 64 60 - 64 55 - 59 55 - 59 55 - 59 55 - 59 50 - 54 50 - 54 50 - 54 50 - 54 45 - 49 45 - 49 45 - 49 45 - 49 Age Age Age Age 40 - 44 40 - 44 40 - 44 40 - 44 35 - 39 35 - 39 35 - 39 35 - 39 30 - 34 30 - 34 30 - 34 30 - 34 25 - 29 25 - 29 25 - 29 25 - 29 20 - 24 20 - 24 20 - 24 20 - 24 15 - 19 15 - 19 15 - 19 15 - 19 10-14 10-14 10-14 10-14 05-09 05-09 05-09 05-09 00-05 00-05 00-05 00-05 900,000700,000500,000300,000100,000100,000300,000500,000700,000900,000 900,000700,000500,000300,000100,000100,000300,000500,000700,000900,000 900,000700,000500,000300,000100,000100,000300,000500,000700,000900,000 900,000700,000500,000300,000100,000100,000300,000500,000700,000900,000 Population Population Population Population Source: Census of Population and Housing (various years), Department of Census and Statistics of Sri Lanka 8
9/23/2016 WORK FORCE - Educated , trainable & efficient 49.8. % of the population - Men 67.8%, Women • 33.4% Reputed for its precision, quality and productivity • Skilled and semi skilled workers at competitive • wage rates Renowned for high calibre professional skills • World class reputation in the production • of high end garments and lingerie markets Second largest pool in the world of UK qualified • Accountants (25,000) and Accountancy students (86,000) . B o a r d o f I n v e s t m e n t o f S r i L a n k a Investment Investment Facilitation Facilitation 9
9/23/2016 BOI (ONE STOP SHOP) EASE OF DOING BUSINESS FACILITATION CENTRE Services Provided: Ease of Company Registration • Resident Visa processing for BOI Investors • Department of Inland Revenue functions • Custom functions • Environment concurrence for expediting environmental clearances • Attending to Utility issues • Assistance in finding suitable land for BOI projects • Attending to queries of new investors and existing BOI enterprises • B o a r d o f I n v e s t m e n t o f S r i L a n k a Incentives For Investment • Duty Free Imports; – Capital Goods – Raw Materials (For Export Oriented Activities) • Exemption from Exchange Control restrictions. • Government to introduce the new tax concessions 10
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