BOI aims for record foreign investment flows

Government’s investment promotion agency is gunning for fivefold growth in investment flows this year but it is not sure where the money is going to come from. Government’s investment promotion agency is gunning for fivefold growth in investment flows this year but it is not sure where the money is going to come from. Investment Promotions Minister said India will be top source for investment as a top Indian BPO operator that tied up with local John Keels Holdings announced plans to setup its operations in New Delhi.

JKH and Raman Roy Associates, an Indian business process outsourcing (BPO) firm, are planning their first BPO investment in India because Sri Lanka doesn’t have a strong base in that business.

“Our initial indications are that it would be located in Delhi. Because there is an established Indian plan in the BPO industry,” says Ronnie Peiris, Head of IT, John Keells Holdings.

“If we want to make foray into Sri Lanka and create a Sri Lankan brand it would be foolhardy for us to pull it on all. We will work out the full strategy ready by middle of April,” he says.

The US$ 22 million investment by the two parties is roughly equal to