Foreign investments upto US$ 4.5 Bn expected this year – State Minister

Investment Promotion State Minister Dilum Amunugama says that plans are afoot to bring investments between US$ 4 – 4.5 billion to the country this year.

He also said that although the foreign investment target was US$ 1.5 billion last year, the country was able to get investments of US$ 1.8 billion.

The State Minister speaking to journalists in Kandy yesterday also said that after the agreement with the International Monetary Fund, investments are flowing into the country significantly. Amunugama also said that due to the negative effects caused by the struggle (Aragalaya), investments were not received as expected in the first half of last year, but in the latter half, investments have flowed into the country beyond the expected level.

He added that the Government was confident of meeting the investment target of US$ 4.5 billion this year.

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