Sri Lanka facilitates infrastructure to attract investors into rural

Aug 20, 2014 (LBO) – Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the rural areas, a minister said. The country is targeting a 7000 US dollar per capita income by 2020 and expecting 4000 US dollar per capita income in 2015.

Sri Lanka received 817 million US dollar foreign direct investment for the first six months of 2014 up 51 percent from 540 million US dollars, a year ago Abeywardene said.

The island is targeting 2.5 billion US dollars in foreign direct investors in 2014 with 2013 estimated to have drawn about 1.3 billion US dollars.

It has come to a stage we can’t bring people from villages to town to employ in these zones, Lakshman Abeywardene, Minister of Investment Promotion said.

People who are in the villages do not come to towns anymore because they have found sources of income in the village itself,

Also the expenses to do a job in Colombo is high if you compare the village expenses. So it is not viable for them to come here. Abeywardene said.

He said there are about 16,000 job vacancies in the BOI zones and the zones which registered u