BOI engages Sri Lankan envoys on boosting FDI promotion strategy

THE Board of Investment (BOI) Chairman Arjuna Herath and senior officials this week met with designated ambassadors and diplomatic representatives from Sri Lanka's foreign service, led by Human Resources, and Mission Development Director-General Sumith Dissanayake to discuss the way forward in attracting Foreign Direct Investments (FDIs).

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During the meeting, Herath also spoke about the need for targeted marketing initiatives and the establishment of incentives that would attract foreign investors. He encouraged the ambassadors to leverage their networks to create opportunities for partnership and investment in Sri Lanka's growing economy.

Herath revisited recent economic developments and the significant tumaround in economic indicators. The significant GDP performance, which outperformed the forecasted 4.4% and realised 5% growth, is due to the reliance of the Sri Lankan economy. The post-economic crisis period results in better performance in sectors such as tourism and construction.