Investment

The UK is one of Sri Lanka's major investors, ranking first in terms of direct foreign investment from the European Union. British companies have invested in diverse areas such as power generation, textiles, garments and accessories, electronic products, security printing, tourism, infrastructure development, rubber based products, activated carbon, agriculture, logistics, insurance, food processing, computer software development and business process outsourcing.

Today Sri Lanka functions as the regional logistics hub for Marks & Spencer (M&S), the global apparel giant. M&S in association with Brandix Lanka opened the first ever "Green Apparel Factory" in the world in Sri Lanka in April 2008. It is anticipated that the redesigned factory would reduce its carbon footprint by 75 % through a 45 % saving in energy consumption.

The concept of Public Private Partnerships (PPP) was introduced to Sri Lanka with the investment by P & O Worldwide, UK in the development of Colombo port - South Asia Gateway Terminal (SAGT) with Sri Lanka Ports Authority and the Government of Sri Lanka.

Today Sri Lanka has emerged as one of the favourite and reliable destinations for UK companies for outsourcing of services in the fields of accounting, legal, medical and H R.

Some of the sectors identified for promotion in the UK in consultation with the Board of Investment in Sri Lanka are:  

–         Textile / apparel & accessories

–         IT / IT services

–         Rubber based products (Automotive components)

–         Light engineering / metal working

–         Electronics & components

–         Ceramics

–         Infrastructure

–         Tourism & recreation

–         Agriculture / food processing

–         Gems & jewellery

For more information on investment opportunities please visit- www.boi.lk  

"Eastern Revival" Development Programme

The Government of Sri Lanka has embarked on a comprehensive redevelopment programme steered by the President's Office and the Ministry of Nation Building & Estate Infrastructure Development in order to revive the livelihoods of the people in the Eastern Province which was recently liberated from the LTTE.

In addition to community programmes this redevelopment programme includes many investment opportunities.  

• Infrastructure development projects such as roads, bridges, ports, reservoirs, irrigation projects, power plants, hospitals and schools.

• Manufacturing  - cement , fertilizer, ice manufacturing & cool room facilities

• Tourism & recreation activities

• Livestock development

• Agriculture, agro-forestry

• Deep-sea fishing and fish-processing

Investors would be able to enjoy tax holidays up to 20 years, lands under a special concessionary scheme and other benefits.

For more information and to contact the "Eastern Revival" programme direct please visit www.neweast.lk

Promotion of Sri Lanka Trade/Consumer Fairs & Exhibitions, Events-2009 Organized by Sri Lanka Exhibition & Convention Centre.

[Events Calendar 2009]

Investment Opportunity Textile Manufacturing Zone / Industrial Park at Perth Estate , Wagawatte, Horana - Sri Lanka

The Board of Investment of Sri Lanka (BOI) will be developing a Textile Manufacturing Zone / Industrial Park with modern facilities and services including common infrastructure facilities on Public Private Partnership (PPP) basis for promoting textile industries.

223 acres of land in Horana which is 48 Km from Colombo has been allocated for this project.  The selected investor/ developer will be released 50 acres of land initially and the rest depending on the progress made on the project.

Prospective investors are invited to submit Requests for Qualification (RFQ) for the development of textile manufacturing zone / industrial park on or before 27^th August 2008. 

Please visit www.boi.lk/ppp for RFQ document, contact details and for more  information.