Sri Lanka’s BOI nets $ 569 million in FDIs from 57 approved projects
The Morning: The Board of Investment (BOI) has approved 57 projects so far this year (2025), according to Industry and Entrepreneurship Development Deputy Minister Chaturanga Abeysingha.
Abeysingha stated that the total value of the approved projects amounts to $ 569 million, and out of that, investments worth $ 507 million have already entered the country.
Abeysingha also claimed that the figures represent a 101% increase compared to the year 2024.
He said Sri Lanka is transitioning from stability to growth and noted that the government is continuing to make strides in improving the ease of doing business, which enables the influx of foreign direct investments.
With the planned Export Processing Zones (EPZs), designated lands for tourism, and the growing opportunities at the Port City, Sri Lanka is poised to accelerate its growth momentum in the years ahead, Abeysingha added.
Meanwhile, the Department of Census and Statistics reported that inflation slightly decreased in the month of June.
The department noted that inflation, which stood at 0.6% in May, dropped to 0.3% in June.
Food inflation, which was at 5.9% in May, also decreased to 4.2% in June.
OSL take:
Sri Lanka’s ongoing economic activities and overall economic expansion are evident by the steady growth recorded by the country’s key economic sectors. The business/investment opportunities that have emerged because of the ongoing expansion work have opened a host of lucrative ventures for foreign businesses/investors. The increasing business confidence in Sri Lanka is evident by the FDI inflows to the country. Sri Lanka’s strategic positioning in the Indian Ocean, the many trade agreements as well as trade concessions enjoyed by the country with many foreign countries and the many incentives on offer have all helped boost the country as an emerging business destination in the South Asian region. Countries like China have already placed Sri Lanka prominently in its Belt and Road Initiative (BRI) thereby giving much prominence to doing business with/in Sri Lanka. All these developments indicate the increasing business potential in Sri Lanka and the growing value of the business/investment opportunities in the country. Foreign businesses/investors could therefore confidently explore the expanding opportunities in Sri Lanka while also looking at further expanding operations in Sri Lanka through local collaborations.
| Article Code : | VBS/AT/20250804/Z_1 |