Twenty BOI firms to invest US$ 165mn to expand existing operations

BOI Chairman Engineer Raja Edirisuriya, Director General Renuka Weerakone and MAS Group Chairman Mahesh Amalean signing the relevant investment agreements

• The investments represent diversified sectors including apparel manufacturing and accessories, healthcare education training, IT, hospitality etc
• BOI chief says the move shows investor confidence placed on govt.’s economic policies

The Board of Investment (BOI) yesterday said twenty BOI enterprises recently entered into supplementary agreements collectively worth US$ 165 million to expand their existing operations. 
BOI Chairman Raja Edirisuriya and Director General Renuka Weerakone signed the agreements on behalf of the BOI.
Aitken Spence (apparel), Asia Pacific Institute of Information Technology, Bodyline, Dialog Axiata, DPL Premier, DPL Universal Glove, Drivima Lanka, EPL Global Freeport, Everest Industrial Lanka ,Golden Star, Inoversal Labels, International Institute of Health Science, MAS Legato, Nature Export, Shiran Apparel, Trischel Fabric and Unichela entered into agreements to expand their current existing  projects. 

 These investments represented diversified sectors such as the apparel manufacturing and accessories, assembling of refrigerators and cooler accessories for commercial purposes, healthcare education training, business process outsourcing services, hub operation activities to facilitate entreport trading, telecommunication infrastructure, tertiary education in information technology (IT), accessories for the hospitality sector and industrial rubber gloves. 
BOI Chairman Edirisuriya said, “Despite the slowdown of economic activities in the world due to COVID pandemic, we are delighted to welcome the existing investors, who have initiated re-investments under the purview of the BOI. 
We are also overwhelmed by the confidence placed by the existing investors about the economic policies pursued by the government. This is a welcoming boost to the country’s stability of the economy.”