Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Indian Army Chief to discuss upgrading Sri Lanka's defense equipment during visit
-- [49 minutes ago]
CID records statement from Minister Rajitha Senaratne on Avant Garde Chairman's claims
-- [1 hour and 24 minutes ago]
Sri Lanka's power authority earns over Rs. 38 million through raids on power pirates
-- [1 hour and 39 minutes ago]
Sri Lanka to introduce a new Education Act in January
-- [2 hours ago]
Sri Lanka seeks to enhance the existing cooperation with Singapore - new envoy
-- [2 hours ago]
Sri Lanka Foreign Minister signs agreement for creation of Commonwealth Trade Finance Fund for Small States
-- [3 hours ago]
Bribery Commission files case against former minister Johnston Fernando
No-confidence motion against Sri Lanka's Finance Minister handed over to parliament
Sri Lanka's tri forces ready to assist police to maintain law and order
British PM meets President Sirisena, offers £6.6 million over three years to help Sri Lanka recover from civil war

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.