Sri Lanka's call for diaspora investment met with scepticism
Some say country should offer competitive cost, cut import duties, among other actions
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When nearly bankrupt Sri Lanka appealed to its diaspora this month to invest in their homeland to replenish the dwindling foreign exchange reserves, entrepreneur Vickum Nawagamwage was astonished that his country was using patriotism instead of financial incentives to attract foreign funds.
For more than a decade, he has run travel and tourism companies in Singapore and Sri Lanka, which is facing its worst economic crisis and huge international debts.
