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BOI Given USD 1,000 Million Target For 2011

Dec 4, 2010 1:54:31 PM - thesundayleader.lk

By Raisa Wickrematunge

A target of USD 1,000 million worth of Foreign Direct Investment (FDI) has been set for the Board of Investment in 2011,
A report revealed that USD 310 million had so far been received as Foreign Direct Investment from January to September this year.
The 2011 target is a key contributing factor to the government’s aim of maintaining an 8-9% growth rate.
These figures were revealed in the progress report of the Economic Development Ministry released on Wednesday.
The main investing countries were India, Malaysia, the United Arab Emirates and England. The sectors in which investments were made included that of telecommunications, power generation, food processing, rubber produce, and information technology.
A total of 297 projects were approved as at end September, and 156 new agreements have been signed.