May 05, 2015 (LBO) – Sri Lanka’s Board of Investment said, that it is developing a new policy framework for investments with the help of a panel of experts.
“We are in the process of creating an economic investment policy for Sri Lanka,” Upul Jayasuriya, Chairman of BOI told reporters at a briefing held last week.
“Once that is done we will identify the sectors and the zones we will promoting,”
“We have not yet identified and decided to promote sectoral investments that we will be promoting, but it will be a mix investments in all the zones.”
The experts on the panel will include Indrajith Coomaraswamy, Saman Kelegama, Avanthi Jayatillke and Arittha Wickramanayake.
“They are from different sectors, investment, legal, environmental and financial.”
Jayasuriya said, the new policy will be completed in a three to four weeks’ time.
Sri Lanka’s foreign direct investment rose 17 percent from a year earlier to 1,685 million US dollars in 2014 Central Bank annual report showed.