Friday, January 16, 2009

colombo Economy

Colombo is the hub of Sri Lanka's economic activity, with many major events taking place around the Galle Face Green

The great majority of Sri Lankan corporations have their head offices in Colombo. Some of the industries include chemicals, textiles, glass, cement, leather goods, furniture, and jewelry. In the city center is located South Asia's second tallest building - The World Trade Center. The 40 story Twin Tower complex is the centre of important commercial establishments, situated in the Fort district, the city's nerve center. Right outside the Fort area is Pettah which is derived from the Sinhalese word pita which means out or outside as it is outside the Fort.

Pettah is more crowded than the fort area. It's a place you can buy almost anything you want, Pettah's roads are always packed and pavements are full of small stalls selling from delicious Sharbat to Shirts. Main Street consists mostly of clothes shops and the cross roads, which are literally known as Cross Streets where each of the five streets specializes in a specific business. For example the first cross street mostly comprises electronic goods shops, the second cellular phones and fancy goods. Most of these businesses in Pettah are dominated by Muslim traders. At the end of the main street further away from Fort is the Sea Street, Sri Lanka's Gold market. This mile-long street is full of jewellery shops.

The Colombo Metropolitan Region (CMR) encompasses the country's administrative capital Kotte and Colombo. Found within the borders of the CMR is 80% of the country’s industrialization and over 60% of all vehicles plying Sri Lankan roads.



Done By P.Senduran

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