FDIs in 2018 top $2b mark: Malik

Friday, 4 January 2019 00:03 - - {{hitsCtrl.values.hits}}

Development Strategies and International Trade Minister Malik Samarawickrama yesterday said Sri Lanka is estimated to drawn $2.2 billion as foreign direct investments (FDIs) last year, which is an all-time high recorded. “We are still reviewing the final statistics, which may be released towards the end of this month. However, I think we will end up with $2.2 billion for 2018,” he told journalists in Colombo.

The Minister said they were expecting $3 billion in FDIs this year.

He claimed that some of the investments were unfortunately got delayed because of the political instability the country experienced towards the later part of 2018.

“We are re-discussing those investments. We are negotiating on a huge refinery and a steel manufacturing plant in Trincomalee. If these investments come in we will have a substantial inflow of FDIs by end of this year,” Samarawickrama said.

He also said the following up on those projects has been tasked to Development Strategies and International Trade Deputy Minister Nalin Bandara Jayamaha.(CdeS)

Malik says FTA with Singapore is on

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.