Finding Hope

Mineral sands, ceramics and rubber are in the study list, with the BOI keen to find a handful of key sectors for investment promotion. rn

rnA select list of foreign industrial giants will be targeted to invest in the identified areas, BOI Chief Lalith de Mel told LBO.rn

rnDe Mel says unless there is a definite competitive advantage, investors would easily oversee Sri Lanka for other countries that offer better opportunities. rn

rnThe BOI is also hoping to clear all mandatory Government clearances in setting up industries on state leased land ahead of its proportional efforts. rn

rnIt is working closely with the UDA to vest blocks of land under the BOI, allowing the investment promotion agency to sell red-tape free facilities to investors to come set up industries. rn

rnCity Sweep rn

rnThe BOI has also sent Singapore based city planner CESMA back to the drawing boards to come up with a fresh development plan for Colombo. rn

rnThe BOI says CESMA will now identify vacant land in and arou