Sri Lanka gets one billion dollars in FDI by September 2014

Nov 17, 2014 (EconomyNext) – Sri Lanka has received over one billion US dollars in foreign direct investments in the nine months to September 2014, investment promotions minister Lakshman Abeywardena said.

An estimated 23,000 new jobs were created by firms approved by the Board of Investments

from January to October, he said.

During the period the BOI had received investment applications worth 4.39 billion US dollars.

The BOI had singed 112 approved agreements worth 1.78 billion US dollars with investors. Minister Abeywardene said the projects could create about 20,000 jobs.

In export processing zones, particularly in apparel there were more than 15,000 vacancies awaiting to be filled.

Analysts say changing aspirations or lower salary levels may be reasons for the unfilled jobs indicating that basic industry exports may be facing constraints.’

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