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 Lanka police raid house in Colombo and arrest persons accused of producing defamatory documentary
-- [4 minutes ago]
Sri Lanka's Marxist party wants the next general election under proportional system
-- [13 minutes ago]
Free Wi-Fi from tomorrow at 26 public locations in Sri Lanka
-- [18 minutes ago]
Sri Lanka extends terms of local government bodies
-- [35 minutes ago]
UN Special Rapporteur arrives in Sri Lanka today on a six-day visit
-- [58 minutes ago]
Sri Lankan PM pledges to strengthen civil administration in the North
-- [1 hour and 26 minutes ago]
PM orders immediate measures to renovate five main reservoirs in Sri Lanka's war-torn north
-- [2 hours ago]
Three Russian naval ships arrive at Sri Lanka's Colombo port
-- [3 hours ago]
Sri Lankan PM to meet Tamil party legislators of Northern Province today
EU will extend the ban on LTTE, Sri Lankan PM says

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.