Sanjaya Mohottala assumes duties as the new Chairman of BOI

(COLOMBO, LANKAPUVATH) –Sanjaya Mohottala has assumed duties as the Chairman of the Board of Investment of Sri Lanka after serving as the Director General of the apex Investment Promotion Agency from March 2020.

Sanjaya Mohottala was appointed as the 21st Chairman of the BOI after former Chairman Susantha Ratnayaka stepped down from the post after a one-year stint at the helm.

Under Mr. Mohottala’s guidance BOI developed a new road map defining the FDI strategy for Sri Lanka, introducing prioritized sectors and sub sectors, to transform the economic landscape of the country in line with the aspirations of the President, as articulated in his manifesto “Vistas of Prosperity and Splendor”.

Further to support there and thrust sectors, sector-specific tax incentives for investment, in the budget for the year 2021 were outlined and a simplified tax structure and a consistent investment climate was guaranteed from the Government.

Whilst thanking the BOI team for the support extended to him and investors especially during the onset of COVID-19, he invited all stakeholders of the BOI to join in making an effective contribution towards the economic upliftment of the country.

Mr. Mohottala expressed his gratitude to the outgoing Chairman Mr. Susantha Ratnayake for his leadership and guidance which set the pace for the organization in delivering the objectives set out by the country’s new leadership.

Prior to joining BOI, Mr. Mohottala was Managing Director and Partner at Boston Consulting Group with experience in Indo – Pacific, the EU and US.

A Fulbright Scholar, he received his MBA from the UCLA Anderson School of Management, and holds a BSc. in Electronics and Telecommunication Engineering (with distinction) from the University of Moratuwa Sri Lanka. He is also a Management Accountant (CIMA – UK) and has a Post Graduate diploma in Marketing from Chartered Institute of Marketing (CIM – UK).

The BOI said it is looking forward to fulfilling the government’s ambitious economic goals under his leadership.

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