The government policy of Sri Lanka on foreign investment and the role of the BOI have been instrumental in attracting and facilitating foreign investments into the country. The recent investments of importance, such as Marriott International's luxury resort, HCL Technologies' global delivery center, and ReNew Power's renewable energy projects, are evidence of the success of these policies and the BOI's efforts. As Sri Lanka continues to prioritize and streamline foreign investment initiatives, it can expect further economic growth and development, offering new opportunities for both local and international investors. Ultimately, the ongoing commitment to attracting foreign investment and improving the business environment will contribute to a more prosperous and globally competitive Sri Lanka, fostering a culture of innovation, collaboration, and sustainable progress. By maintaining a proactive approach to attracting foreign investment and continually enhancing the investment climate, Sri Lanka can look forward to increased economic opportunities, job creation, and a stronger position within the global market.
The government of Sri Lanka has consistently implemented policies aimed at creating a conducive environment for foreign investment. These policies focus on the following key areas:
The BOI is the official government agency responsible for promoting and facilitating foreign investment in Sri Lanka. The agency plays a vital role in implementing government policies and strategies aimed at attracting foreign investment. Key functions of the BOI include:
Sri Lanka has attracted substantial FDI in recent years, with several significant investments contributing to the country's economic growth. Some noteworthy investments include: