Sri Lanka’s BOI cel­e­brates 40 years of in­vest­ment

Daily Mirror (Sri Lanka) - - SPORTS -

In cel­e­bra­tion of The Board of In­vest­ment of Sri Lanka, the coun­try’s cen­tral fa­cil­i­ta­tion point for in­vestors, step­ping into its 40th year, a cer­e­mony was held at the Katu­nayake Ex­port Pro­cess­ing Zone.

Graced by Pres­i­dent, Maithri­pala Sirisena, Prime Min­is­ter, Ranil Wick­remesinghe, Min­is­ter of De­vel­op­ment Strate­gies and In­ter­na­tional Trade, Ma­lik Sa­ma­rawick­rama and sev­eral key min­is­ters, the event which was hosted by Chair­man BOI, Du­min­dra Ratnayake and Di­rec­tor Gen­eral, Du­minda Ariyas­inghe, was also well at­tended by sig­nif­i­cant mem­bers of the in­vest­ment com­mu­nity, along with em­ploy­ees of the BOI and BOI com­pa­nies, both past and present.

The pro­ceed­ings com­menced with the open­ing of the Ex­hi­bi­tion Cen­tre and the un­veil­ing of a sculp­ture of for­mer Pres­i­dent J.R. Jayewar­dene.

Chair­man BOI, Du­min­dra Ratnayake in his wel­come ad­dress stressed on the BOI’S con­tri­bu­tion to the eco­nomic trans­for­ma­tion of the coun­try, while con­firm­ing the or­ga­ni­za­tion’s con­tin­ued com­mit­ment to­wards de­liv­er­ing on its man­date to be a driv­ing force of the econ­omy.

While both the Pres­i­dent and Prime Min­is­ter ad­dressed the gath­er­ing, a high­light of the cel­e­bra­tions was the dis­tri­bu­tion of awards to “Out­stand­ing BOI En­ter­prises’ by both the Pres­i­dent and the Prime Min­is­ter. 40 such or­ga­ni­za­tions were hon­ored based on cri­te­ria such as in­vest­ment value, em­ploy­ment gen­er­a­tion and length of op­er­a­tion in Sri Lanka.

In ad­di­tion to this, recog­ni­tion of ser­vice, both of em­ploy­ees of BOI en­ter­prises as well as BOI staff them­selves took place with Ma­lik Sa­ma­rawick­rama, Min­is­ter of De­vel­op­ment Strate­gies and In­ter­na­tional Trade along with BOI Chair­man, Du­min­dra Ratnayake and Di­rec­tor Gen­eral, Du­minda Ariyas­inghe pre­sent­ing the awards.

Since its es­tab­lish­ment in 1978, the BOI has con­trib­uted im­mensely to the Sri Lankan econ­omy, by means of en­hanced ex­port earn­ings, di­ver­si­fi­ca­tion of the ex­port base, cre­ation of em­ploy­ment op­por­tu­ni­ties, trans­fer of ad­vanced tech­nol­ogy and skills, lo­cal skills de­vel­op­ment, in­fra­struc­ture de­vel­op­ment, ru­ral de­vel­op­ment and poverty re­duc­tion. With 1,700 projects in com­mer­cial op­er­a­tion and pro­vid­ing al­most half a mil­lion em­ploy­ment op­por­tu­ni­ties, The BOI re­mains a sig­nif­i­cant change agent in trans­form­ing Sri Lanka’s econ­omy from a largely agrar­ian base into the mod­ern­ized, man­u­fac­tur­ing and ser­vices based plat­form it is to­day.

In­dus­tries op­er­at­ing un­der the BOI con­trib­ute to over 70 per­cent of the coun­try’s to­tal ex­port earn­ings and for 85 per­cent of the na­tional in­dus­trial ex­port earn­ings.

Pres­i­dent Maithri­pala Sirisena Prime Min­is­ter Ranil Wick­remesinghe

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