Lankapage Logo CP 17 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 in FDI within next 3 years
Wed, Jan 20, 2016, 12:18 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 19, Colombo: Sri Lanka's investment promotion agency, the Board of Investment (BOI) is targeting US$ 5 billion foreign direct investments to Sri Lanka within the next three years, International Trade and Development Minister Malik Samarawickrema said.

Speaking at the special event hosted in view of the Invest in Eastern Sri Lanka - Expo a& Forum 2016 to be held on January 28 and 29 at the BOI yesterday, Minister Samarawickrema said that this includes two coal power plants in Sampur which will be constructed by an Indian and a Japanese company with a total investment in excess of US$ 500 million.

Samarawickrema said that several Chinese investors are to invest in setting up industries at the Hambantota Harbor area. A Chinese company has also signed up with the BOI to build a Dockyard at the Hambantota harbor.

The Minister also disclosed that as a novel concept they will be conducting several road shows targeting separate countries. These include road shows in the US, Gulf, Japan, Korea, China, Mumbai and other countries.

Minister Samarawickrema also said the government is also planning to have special investment promotion zones in Trincomalee, Kandy, Kalmunai and Bentota. These will be for tourism, industries, fisheries, port and other industries.

He said that the Eastern Sri Lanka - Expo & Forum 2016 will also woo investment not only to the Eastern Province but to the entire country.

He said that last year due to election and change of government investments were below the target. "With political stability retuning to the country and good governance investor confidence has returned to the country."

International Trade and Development Deputy Minister, Sujeewa Senasinghe said that after the Investment Forum conducted by the George Soros Foundation there are several inquiries.

 


ColomboPage - Recent 10 Stories ::
Suranga Lakmal to Captain Sri Lanka in the 3rd Test match against West Indies
-- [4 hours ago]
PAYable takes home highest number of awards at SLASSCOM Innovation Summit
-- [4 hours ago]
Senior immigration officer arrested smuggling gold fined Rs. 3 mn
-- [5 hours ago]
Three suspects in Matara jewellery store heist remanded, main suspect killed
-- [5 hours ago]
Sri Lanka to introduce an e-Health card for all
-- [6 hours ago]
4th International Day of Yoga celebrated in Sri Lanka
-- [7 hours ago]
Sri Lanka Army urges public not to be misled by rumors on 'army withdrawals' from North and East
-- [8 hours ago]
Senior immigration officer arrested with Rs. 36 million worth gold
Over 1000 applications per month for dual citizenship
Main suspect in Matara Jewellery robbery killed in retaliatory attack

Copyright © 2000, 2016 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.