FDI inflow hits US $ 1b mark
Direct Foreign Investment inflow has past the US$ 1 billion mark by
the third quarter of 2014.
BOI enterprises exported goods and services worth US$ 4.844 billion
and imported raw materials and project-related items worth US$ 3.184
billion, Investment Promotion Minister Lakshman Yapa Abeywardena told
the media in Colombo last week.
He said that the Government had spent Rs. 58,314 million on rural
development. The Shangri-La Hotel project in Hambantota is progressing
smoothly. While the Shangri-la hotel in Colombo is due to be opened in
the first quarter of 2017.
Thirteen acres of land had been given to Softlogic, Minister
From January to October this year, the BOI received 161 applications
to invest in Sri Lanka from various parts of globe. The total value of
these applications was US$ 4.39 billion. An estimated 23,600 new jobs
were created by the BOI enterprises by the end of 3rd quarter of 2014.
“The BOI has signed 112 agreements with investors. The value of
signed investments was US$ 1.184 billion. It is estimated that these
agreements signed with investors will lead to the creation of 20,000 new
employment opportunities,” the Minister said. The World Investment Forum
will be held at the Palais des nations in Geneva from tomorrow by
Many issues in connection with the investment process will be
discussed and the main subject will be Investment for Sustainable
Over 3,000 officials from over 140 countries will attend the forum
including Heads of States, Ministers, Leading CEOs and Heads of
International Organisations and civil society are expected to
participate, Minister Abeywardena said.
The Minister will speak for 10 minutes at the forum and explain the
investment opportunities available in Sri Lanka and the facilities being
provided to investors. He will also participate in the investment
promotion mission to be held in Osaka and Tokyo in Japan. BOI Chairman
Dr. Lakshman Jayaweera will accompany Minister Abeywardena and will hold
discussions with a number of leading Japanese companies and senior
officers and State agencies.