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BOI requests public to refrain from blocking containers

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Business
A recent protest where protesters blocks the entry road to Katunayake Airport and BOI zones

The Board of Investment (BOI) Sri Lanka Chairman Eng. Raja Edirisuriya said that while it’s the right of people to protest they should be done without the resulting operation of BOI and similar entities/sources which brings dollar income to the country.

The BOI Chairman requested people to refrain from blocking containers, as it would consequently result in delays in export delivery to foreign countries, and hinder exports such as garments, Ceylon tea, and original Ceylon Cinnamon from reaching the global market. Issuing a statement he expressed their concern that the work of the Free Trade Zones (FTZs) have been harassed and disturbed, which would possibly result in losing the remaining foreign investors in this country and cause disruptions to export revenue in this time of need, noting it is the only fixed dollar revenue.

“When the hard-working employees cannot go to work on time, factories cannot meet their order deadlines, and Sri Lanka will disappoint its buyers, customers, and consumers,” Eng. Edirisuriya stressed. At the same time, due to uncertainty, he noted, there is a likelihood that investors would look elsewhere for safe investment destinations. The country will end up defaulting and will appear untrustworthy in the eyes of the buyers, customers, and foreign investors, he explained.

It took 44 years of people’s effort our mothers, fathers, brothers, and sisters their blood and sweat to create the BOI, and it is responsible for 70% of overall exports, 85% of national industry exports, and over 500,000 employees; and overall, directly and indirectly, almost 2 million people and families will lose their livelihoods.”

Despite political uncertainty, people work hard to keep the country going; hence all the investors and investments in this country are safe and protected, the BOI Chairman added.

 

Tuesday, May 10, 2022 – 01:00











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