June 19, 2014 (LBO) - A group of Japanese electronic component makers have visited Sri Lanka to look at the possibility of setting up factories in the island, the state investment promotion agency said.
A delegation from Japan Electronics and Information Technology Industries Association (JEITA).
The companies were evaluating alternative manufacturing locations as part of a 'China +1' strategy of diversifying overseas production facilities, Sri Lanka's Board of Investment said.
The delegation was brought by Nihal Trading Company.
The BOI had presented them opportunities to set up plants in industrial zones in Suriyawewa and Mirijjawila in the Hambantota district.
Japanese component makers including FDK group are already in Sri Lanka.