An Echelon Media Company
Monday May 10th, 2021
Economy

Sri Lanka gets US$750mn of FDI in first nine months of 2019, targets US$1.5bn

ECONOMYNEXT – Sri Lanka has received about 750 million US dollars of foreign direct investments in the first nine months of 2019, Board of Investment chief Mangapa Yapa said.

The agency is expecting about 1.5 billion US dollars of FDI for the full year, which is half the 3.0 billion US dollars originally targeted for the year.

Yapa said the October 2018 political crisis and the Easter Sunday bombings had delayed planned investments.

An industrial zone planned with Thailand’s Rojana group will not go ahead because of lack of land, he said.

Yapa said Sri Lanka could target 3 billion US dollars in 2021.

Sri Lanka is amidst an election cycle running into 2020.(Colombo/Nov14/2019)

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