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BOI achieves 50 percent of ITS investment targets Source:Sundayobserver The Board of Investment (BOI) of Sri Lanka has achieved about half of its investment targets for the year. The BOI had set a target of US$ 2000 million for this year as part of its new Investment Promotion Initiative, BOI Director General Renuka Weerakoon told the Sunday Observer. The BOI has registered 75 investment projects totalling 1,290 million US dollars and signed 26 new projects. The remaining 49 projects are set to be expanded, she said. She said that the country received 228 million US dollars in investment in the first quarter of the year and that it would not be difficult to meet the Board’s set target of 2,000 million US dollars under the current conditions. ...

Aug 16, 2022 Posted by In Articles Tagged ,
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Apparel exporter Rakshaa signs agreement with BOI for expansion Source:FT The Board of Investment (BOI) of Sri Lanka recently signed an agreement with Rakshaa Ltd. for the expansion of its existing operations, which will now include high-quality ladies’ fashion garments and sportswear.  Rakshaa will export to the UK, Holland, the US, India and Mauritius, and will generate approximately 300 additional employment opportunities with its expansion that also includes rural geographies in Sri Lanka.  The agreement was signed by BOI Chairman Sanjaya Mohottala and Rakshaa Managing Director Chandana Weerasinghe.  ...

Sep 8, 2021 Posted by In Articles, elanka Finance Tagged , ,
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