For the seven months to July, the country has attracted 257 million dollars in foreign investments, mainly in the areas of telecommunications, IT, clothing and construction of high rise condominiums.
"Our FDI (foreign direct investment) figures have averaged at 250 million dollars, but now gone up to 257 million dollars from January to July, we should end the year at 500 million dollars or slightly more," treasury secretary P B Jayasundara told businessmen late Monday but did not say why the country would miss the original target.
In 2005, Sri Lanka secured 280 million dollars in foreign investments mainly from software development, telecom, business process outsourcing (BPO) and small tourism projects.
Sri Lanka's business climate has b