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
Murali Harmony Cup 2014to launch on 29 October in Sri Lanka's North
-- [1 hour and 7 minutes ago]
President presents Sri Lanka's next year budget promising relief for all sectors
-- [2 hours ago]
Sri Lanka's 2015 budget focused on long term development - Central Bank Governor
-- [8 hours ago]
Sri Lanka joins China-led Asian Infrastructure Investment Bank
-- [8 hours ago]
Sri Lanka hires eighth lobbying firm in the US
-- [9 hours ago]
Sri Lanka business chamber to host seminar on bilateral trade with UK on October 29
Counter arguments raised to support Sri Lankan President's eligibility for the third term
Three Sri Lankans alleged of spying for Pakistan charged in Indian court
Sri Lanka ruling party secretary launches campaign for prime minister post
Beggars under watch in Sri Lanka after an abducted child was found with a beggar

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.