Sri Lanka targets US $ 2 billion investment this year

• Country received US $ 1 billion foreign Investment last year

Chairman of the Board of Investment Dinesh Weerakkody, commenting on the steps for the promotion of the investment climate, said his office is targeting to get US $ 2 billion investments this year, an increase from only US $ 1 billion reported last year.  

“We are looking at targeted initiatives to get from $ 1 billion in 2022 to $ 2 billion in 2023. Specifically, we are looking at: Attracting 100 technology services companies with a new product, a targeted programme to get 50 existing BOI companies to reinvest, setting up industry advisory councils for the four thrust sectors for leads, policy tweaking and promotion, digitalisation of key investor services, aggressive promotion of the destination, key account management and modernisation of existing zones to meet with international green standards. Also there is a large number of new sectors which are emerging, associated with digitalisation and with the new economy. Also the traditional sectors have new elements coming out as sub-sectors. However the sectors of the future will be the new sectors which are now emerging,” he said.    

• traditional sectors have new elements coming out as sub-sectors