2ND LEAD

Conditions in Jaffna for investment poor – Jaffna Traders

[TamilNet, Wednesday, 27 May 2009, 11:26 GMT]
"The conditions prevailing in Jaffna peninsula do not encourage new investments or fresh business ventures,” Jaffna Traders’ Union (JTU) representatives told the delegation from Colombo Chamber of Commerce that paid a visit to Jaffna Tuesday, sources in Jaffna said.



Though much publicity was given by the government about the A9 land route being opened so far it has not been made available to the public while transport through this route is yet to prove successful, JTU representatives said.

Another impediment looming is the state of affairs in the electricity supply which is feared to stall completely, they added.

Malwatta, Tissa Ruberu and Ajith Watthuhewa met the representatives of the Committee for Peace and Goodwill Tuesday afternoon at the Bishop’s House in Jaffna.

Later in the evening the delegation met the representatives of JTU.

As the government is actively engaged in maintaining that all is well in Jaffna peninsula which is caught in an atmosphere of war, these businessmen from Colombo are trying to exploit the trade resources and opportunities in Jaffna peninsula, a JTU representative said.