Published on: May 27, 2024

Attracting Global Business Investments Significantly Boosts National Economic Development- Ruwan Wijewardene, President’s Senior Advisor on Climate Change

Mr. Ruwan Wijewardene, Senior Adviser to the President on Climate Change, stated that attracting investments from renowned businessmen such as Tesla and SpaceX CEO Elon Musk would significantly boost the country’s economy.

He emphasized that partnering with a project like “Starlink” could provide internet facilities to underserved areas, supporting the growth of various sectors beneficial to the economy, including the tourism industry.

Mr. Wijewardene made these remarks at a news conference held at the Presidential Media Centre today (27) under the theme ‘Collective Path to a Stable Country’.

Addressing the media briefing Mr. Ruwan Wijewardene further said,

The 10th World Water Forum was held in Bali, Indonesia, from the 18th to the 20th of May. President Ranil Wickremesinghe and his delegation attended the event following an official invitation from Indonesian President Joko Widodo. During the visit, President Wickremesinghe held a special meeting with Elon Musk, the CEO of Tesla and SpaceX, where they discussed launching the “Starlink” project in Sri Lanka.

Elon Musk stated that the project would require the President’s support. In response, President Wickremesinghe assured him of full support to initiate the project in Sri Lanka. Musk also mentioned that he plans to visit Sri Lanka at the end of this year to start the project.

Attracting investments from renowned businessmen like Elon Musk will significantly contribute to the country’s economic development. Launching such a project in Sri Lanka would signal to the world that the country is open for business, potentially attracting other millionaire entrepreneurs to invest in Sri Lanka.

Joining a project like “Starlink” can provide internet facilities to underserved areas of the country without any issues. This initiative will also support the growth of various economic sectors, including tourism. President Ranil Wickremesinghe is focused on providing affordable internet access to school students and the general public through easy payment methods.

The President mentioned that he plans to hold further discussions with SpaceX. The “Starlink” project has now expanded to 99 countries, including the Maldives and Indonesia.

In Sri Lankan politics, it is common to protest against foreign investments. Successful initiatives often face criticism and political interference. However, I believe the public will support inviting renowned businessmen to invest in the country.


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