BOI urges Sri Lankan diplomats to double their efforts on boosting FDI
- CNL Reporter
- May 19, 2025
- News
- BOI
- 0 Comments
The Board of Investment (BOI) Chairman Arjuna Herath and senior officials this week met with designated ambassadors and diplomatic representatives from Sri Lanka’s foreign service, led by Human Resources, and Mission Development Director-General Sumith Dissanayake to discuss the way forward in attracting Foreign Direct Investments (FDIs).
During the meeting, Herath also spoke about the need for targeted marketing initiatives and the establishment of incentives that would attract foreign investors. He encouraged the ambassadors to leverage their networks to create opportunities for partnership and investment in Sri Lanka’s growing economy.
In April 2025, Sri Lanka’s Foreign Direct Investment (FDI) position was affected by a combination of factors, including a loss of a potential US$1 billion FDI from Adani due to tariff disagreements.
Simultaneously, the country benefited from a sharp increase in foreign reserves, partially due to IMF support and the Central Bank’s efforts to manage the currency
