Foreign investment flow continues - BOI

  • 22 Feb 2005 13:21:21 GMT

    These are simply paper investments, pledges made at the time of signing documents. The numbers are misleading. It is a far cry from any investment actually happening. Also, the figures are estimates and the investor could still invest less than the stipulated and be just over the minimum to receive the BOI concessions. How do I know, I was once a consultant in SL working with the BOI, and the rules haven`t changed since I left.

    As for the milk producing venture, that`s is a farce just like all other dairy vetures. They are doing exactly as above. Ever since the BOI came to being, there hasn`t been significant impact on the ecomony, excpet for the garment industry, even that is now on the slide due to the removal of the US quotas system. Many years ago I warned the BOI on this, that they should come up with alternative plans to retain the workforce employed and investments flowing. No one listened, but now the govt is begging the US maintain the quotas for another two years, what`s after that? Where was the BOI all trhis time?

  • 22 Feb 2005 14:41:47 GMT

    Lets encourage foreign investments that will make Sri Lanka self sufficient in food by way of agriculture & fisheries.

    This is the requirement for the present times.

  • 24 Feb 2005 18:44:33 GMT

    Saviya e-Business Private Limited, intend to commence production of fishing boats/trawlers in the southern province of Srilanka soon. In order to accelerate production of fishing vessels under the national programme for repair/replace fishing boats for tsunami affected fishermen. Our prime objective is to extend our fully cooperation to the government of Sri Lanka to help fishing community effected by this unexpected disaster. Any organisation who wish to finance/invest on this project please contact us for further detailsYou may contact me,Dharmasiri Gamage one-mailPhone/fax 0094 11 2970038Mobile 0094 777 686982