Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka targets US$ 5 billion foreign investment by 2016
Sun, Aug 10, 2014, 11:33 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 10, Colombo: Under a new programme launched by the Board of Investment of Sri Lanka, Sri Lanka targets US$ 5 billion as direct investments by the year 2016.

The country's investment promotion agency, said there is an unprecedented 72 percent of growth in the country's foreign direct investments (FDI) during the last 8 years.

Sri Lanka has recorded US$ 9.8 billion as foreign investments during the period of 1978 to 2013 and out of that US$ 7.14 billion have been received during the period 2006 to 2010.

The investments in the country last year alone amounted to US$1.3 billion and the BOI expects US$ 2.5 million this year as FDI.

According to a new programme launched recently under the patronage of the President Mahinda Rajapaksa recently at Temple Trees, the agency targets US$ 5 billion by the year 2016. It expects to increase the amount to US$ 8 billion by 2020.

The agency expects the increased investments to create about 15,000 job opportunities are to be created by these investments. The BOI has also implemented a number of programs to motivate foreign investors to start ventures in Sri Lanka.

ColomboPage - Recent 10 Stories
Sri Lankan Navy personnel accused of chasing away Indian fishermen
-- [6 hours ago]
Australia supports Sri Lanka's long term development - High Commissioner
-- [6 hours ago]
Election monitor in Sri Lanka dismayed by police inaction on election-related shooting
-- [7 hours ago]
Sri Lanka opposition candidate says no foreign conspiracy behind decision to challenge President
Foreign conspiracy behind Sri Lanka's common opposition candidate, new ruling party secretary says
Cabinet reshuffle pending in Sri Lanka; Nimal Siripala de Silva likely to be named Prime Minister
Sri Lanka's television service providers accused of blocking the common candidate's first interview
President commissions Deduru Oya irrigation project in Sri Lanka's North Western Province
Sri Lanka presidential candidate's security reduced
UNP deputy leader backs Sri Lankan President's challenger

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.