BOI engages Sri Lankan envoys on boosting FDI promotion strategy
Daily FT: The Board of Investment (BOI) Chairman Arjuna Herath and senior officials this week met with designated ambassadors and diplomatic representatives from Sri Lanka’s foreign service, led by Human Resources, and Mission Development Director-General Sumith Dissanayake to discuss the way forward in attracting Foreign Direct Investments (FDIs).
During the meeting, Herath also spoke about the need for targeted marketing initiatives and the establishment of incentives that would attract foreign investors. He encouraged the ambassadors to leverage their networks to create opportunities for partnership and investment in Sri Lanka’s growing economy.
OSL take:
Sri Lankan authorities are engaged in an aggressive programme to attract more FDIs to the country as it embarks on a path to become a hub in the South Asian region. The country’s economy is on a growth path in keeping with the target of becoming a regional hub. Sri Lanka’s geographical positioning in the Indian Ocean, the strong trade ties and the improving ease of doing business environment in the country have all added to the country’s attraction as an emerging business destination. The expanding business/investment opportunities in Sri Lanka, the interest shown by many foreign businesses/investors in these opportunities and the growth as well as profits recorded by local businesses are further indicative of the increasing business potential in the country. Given all these factors, foreign businesses/investors could confidently explore the growing business/investment opportunities in Sri Lanka.
| Article Code : | VBS/AT/20250521/Z_8 |