Twenty BOI enterprises sign agreements for USD 165 mn investments

(LANKAPUVATH | COLOMBO) – The Board of Investment (BOI) of Sri Lanka has entered into 20 supplementary agreements collectively worth $ 165 million to expand the existing operations.

The agreements were signed by BOI Chairman and Engineer Raja Edirisuriya and Director General Renuka Weerakoon recently, the BOI said.

Aitken Spence (apparel), Asia Pacific Institute of Information Technology, Bodyline, Dialog Axiata, DPL Premier, DPL Universal Glove, Drivima Lanka, EPL Global Freeport, Everest Industrial Lanka, Golden Star, Universal Labels, International Institute of Health Science, MAS Legato, Nature Export, Shiran Apparel, Trischel Fabric and Unichela entered into agreements to expand their current existing projects.

BOI said these investments representing diversified sectors such as apparel manufacturing and accessories, assembling of refrigerators and cooler accessories for commercial purposes, healthcare education training, business process outsourcing services, hub operation activities to facilitate entrepot trading, telecommunication infrastructure, tertiary education in information technology (IT), accessories for the hospitality sector and industrial rubber gloves.

“Despite the slowdown of the economic activities in the world due to COVID pandemic, we are delighted to welcome the existing investors, who have initiated reinvestments under the purview of the BOI. We are also overwhelmed by the confidence placed by the existing investors about the economic policies pursued by the Government, BOI Chairman Raja Edirisuriya said.

“This is a welcoming boost to the country’s stability of the economy,” he added.

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