President assures political stability, autonomy for BOI to woo investments

Friday, 6 December 2024 00:34 - - {{hitsCtrl.values.hits}}

Assures no political favouritism in granting new investment opportunities
Reveals Budget would prioritise provisions to boost BOI’s efficiency with plans to establish five new investment zones across the country next year

President Anura Kumara Dissanayake yesterday said an environment suitable for investment has been created under the political stability in the country at present, assuring that there will be no political influence in granting new investment opportunities, based on political affiliations. During a discussion held with senior officials of the Board of Investment of Sri Lanka (BOI) at the Presidential Secretariat yesterday, Dissanayake also emphasised the importance of achieving both political and financial stability in the country, adding that the BOI bears a significant responsibility in this regard. The President further said that the BOI would be granted full autonomy to attract clean investments that are beneficial to the country. He stressed that the BOI must remain committed to fulfilling its assigned duties effectively, assuring that the BOI would be granted full independence to attract investors who can bring meaningful benefits to the nation. Additionally, the President announced that the upcoming Budget would prioritise provisions to enhance the BOI’s efficiency and that plans are also underway to establish five new investment zones across the country next year.

Secretary to the President Dr. Nandika Sanath Kumanayake, Chairman of the Board of Investment of Sri Lanka Arjuna Herath, Director General Renuka M. Weerakone, and a group of officials also attended the meeting.