BOI forum conveys positive message to potential investors
The Board of Investment held the “Investor Facilitation and Networking Event” at the Cinnamon Lakeside Hotel recently, to engage in a dialogue with investors who have re-invested in Sri Lanka.
By confirming their trust in Sri Lanka and in the Board, these investors had sent a very positive message to potential investors both in Sri Lanka and overseas.
At the event, the audience which consisted of nearly 200 existing investors who had opted to reinvest in the country were addressed by the Chief Guest Mangala Samaraweera, Minister of Finance and Mass Media, Malik Samarawickrama, Minister of Development Strategies and International Trade, Dumindra Rathnayake Chairman of the Board of Investment of Sri Lanka, Duminda Ariyasinghe, Director General of BOI, and Mangala Yapa Board member of BOI.
The meeting was interactive and an excellent dialogue was established between the BOI and the investor community.
In recent times the Board of Investment of Sri Lanka has identified existing investors as a major potential source for future investments in the country.
In fact what is known as expansions (ie the decision on the part of a BOI investor to further invest) has become a major share of the actual investments handled by the BOI.
One of the main reasons that this important group can be encouraged to invest in projects is that they are already familiar with the business environment of the country and their experience in Sri Lanka has been positive and beneficial. Hence they are agreeable to reinvest in the country.
There are many reasons why existing investors can be helpful to the BOI’S effort to promote the country as a preferred destination for investment.