What are the best small business investment opportunities in Sri Lanka? Are you interested in starting a business in Sri Lanka and need some business ideas? ? So I advise you to read.
According to IMF estimates in 2012, Sri Lanka’s economy is worth $ 64 billion and the country’s per capita GDP is around $ 7,900. The country has probably experienced strong growth in recent years. And in terms of GDP per capita, it is ahead of other Southeast Asian countries.
Although Sri Lanka is ranked 81st in terms of ease of doing business, this does not exclude that there are plenty of opportunities for investors to make money in the country. Therefore, if you have funds that you plan to invest in a business in Sri Lanka, consider exploring any of the following ten areas as they are currently the most profitable in the country.
10 best idea opportunities for small business in Sri Lanka 2021
1. Information technology
As more and more people and businesses find more and more ways to simplify life through IT and IT In various applications, demand in Sri Lanka is growing rapidly for professionals who offer IT services such as database management, data and information protection etc. So, if you have a solid IT background, you can trade your skills for cash in Sri Lanka.
2. Tourism
Tourism is one of the main industries in Sri Lanka. Every year, several thousand tourists from different places visit the country to see the main tourist attractions. These attractions are centered around the famous islands and beaches located to the south and east of Singapore, heritage sites in the interior of the country, and beach resorts located in the country’s mountainous regions. This way you can make great profits with any business that caters to tourists.
3. Food
The demand for food in Singapore is far greater than the supply from local farms. This made it necessary to import food products from neighboring countries. In fact, food is one of the most imported commodities in Sri Lanka and there are huge opportunities for investors who import food from neighboring countries and sell it locally in Sri Lanka. This business is easy to start because it usually requires little capital.
4. Pharmaceuticals
With the growing health awareness of the people of Sri Lanka, the demand for medicines and other pharmaceuticals is increasing. The country’s pharmaceutical industry has grown considerably in recent years. If you have enough capital to start a pharmaceutical company, you will make big profits in the long run. But if your capital is low, you can start small by buying pharmaceuticals as a wholesaler or retailer and selling them to consumers.
5. Textiles and fabrics
Textiles and fabrics are imported to Sri Lanka due to the huge demand for these products. As an investor, you can also start a business that imports these products from countries like India and Turkey and sells them in the local market.
6. Agriculture
Agriculture is one of the most important sectors of Sri Lanka’s economy, contributing 12.8% of the country’s GDP. The country produces and exports agricultural products such as rubber, tea, coconuts and tobacco, so if you have a strong interest in agriculture, you can start growing tea, rubber, coconut palms and tobacco. There is no limit to how much profit you can get from this business as you have both local and foreign markets.
7. Ownership
This company sells well in virtually all countries, even countries with difficult business climates. In Sri Lanka, you can start a real estate business that offers land and residential properties for rent and sale to individuals and businesses.
8. Oil
If setting up a refinery in Sri Lanka would require capital far beyond what the average individual investor can afford, it would be a very smart move for businesses. However, as an individual investor, you can still use “juice” in the petroleum industry by selling petroleum products to consumers.
9, cement
As Singapore grows rapidly, new buildings and infrastructure are being constructed daily. And since it requires cement, the demand for cement and other products used in construction is high. So, starting a cement business is one of the safest ways to make money in Sri Lanka.
10. Construction services
Due to the fact that new buildings and structures are being built in Sri Lanka, there is a huge demand for the services of experts such as architects, civil engineers, electrical engineers and others. professionals. So if you have experience in any of these specialties, you will make big profits in Sri Lanka by showing your skills and experience.
