Foreign investments totalling US$ 2.3 Bn brought so far – Dilum

Investment Promotion State Minister Dilum Amunugama emphasized that by the end of this year, foreign investments of US$ 2.3 billion have been brought to Sri Lanka, surpassing the given targets.

The Finance Ministry has given a target of US$ 1 billion for this year, but with a few days left to the end of the year, it has been possible to reach an agreement for investments of US$ 1.83 billion.

He said that by the end of this year, it will be possible to reach agreements for investments of US$ 2.3 billion. The Minister pointed out that due to the impact of the economic situation in the country for the first six months of this year, the government did not get any opportunity to enter into agreements for investments. The State Minister also noted that due to certain processes implemented by the government, investors have come to the country. He said that US$ 1.83 billion worth of investment contracts have been signed so far, but contracts for four projects are to be signed in the next few days.

At the beginning of this year, the country faced many issues related to electricity and fuel, depreciation of rupee against the dollar, Amunugama said. However the State Minister said that the situation that prevailed at the beginning of the year has improved to greater extent. It has been possible to build confidence in the investors about the country’s economy due to the decisions taken by the government and the dedication of the Board of Investment officials.

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