BOI collaborates with Chinese Academy of Sciences to attract green FDIs’.
By: Staff Writer
Colombo (LNW): Sri Lanka Board of Investment has embarked on an ambitious initiative to attract green and digital foreign direct investments FDIs’ into the country on collaboration with the Chinese Academy of Sciences (CAS).
The Chinese Academy of Sciences (CAS) and the BOI recently concluded a series of meetings and fact-finding visits to the BOI zones and find new opportunities for fruitful long-term bilateral relationships.
The NetZero commitment of the nations and industries and sustainable strategic planning of the BOI has paved the way to develop its zones management to attract green and digital FDIs’ to the country hence it is evident that Sri Lanka needs world-class collaborators to reach these significant strategically important key measurements.
Therefore, the Chinese Academy of Sciences’ world view and vision of collaboration with the nation and its mission of research and innovation and further developing a merit-based learning ecosystem will enable the BOI to leapfrog the process of developing a greener and sustainable zones management system.
In the context of the near future, both parties are looking forward to working together and developing a synergistic relationship.
The Chinese Academy of Science has a mandate to explore and harness high technology and the natural sciences for the benefit of China and the world.
Comprising a comprehensive research and development network, a merit-based learned society, and a system of higher education, CAS brings together scientists and engineers from China and around the world to address both theoretical and applied problems using world-class scientific and management approaches.
CAS has further defined its development strategy by emphasizing greater reliance on democratic management, openness, and talent in the promotion of innovative research. The academy aims for a bright future as one of the world’s top S&T research and development organizations.
Drawing from the BOI’s previous insightful discussions with CAS, it has identified several pivotal activities that will constitute the foundation of fruitful collaboration.
These activities hold inherent advantages that align harmoniously with our shared goals and finally reach a Memorandum of Understanding (MoU) between CAS and BOI During the meeting CAS will support the BOI in fulfilling the undermentioned projects.
Following the National Determined Contributions (NDCs), BOI is committed to consulting with CAS to craft an integrated eco-industrial park concept. By aligning our strategies with sustainable practices, we will bolster the park’s environmental footprint and play an active role in fulfilling national sustainability objectives.
