COLOMBO, Dec 19 (NNN-LNW) – Sri Lanka expects foreign direct investment (FDI), to be between 1.5 billion and two billion U.S. dollars next year, a senior official said, today.
Chairman of the Board of Investment, Arjuna Herath said, FDI has exceeded one billion dollars, this year.
Herath said, the government sees manufacturing investments critical to strengthening Sri Lanka’s industrial base, generating employment, and rebuilding investor confidence, after a period marked by economic and policy uncertainty.
Herath cited the recent recovery of Sri Lanka’s business sector from cyclone Ditwah, as a reason for the country’s positive outlook on attracting foreign investment, saying that, more than 90 percent of companies that experienced operational disruptions in recent adverse weather, have now resumed normal business operations.– NNN-LNW