Government targets US $ 2.7bn FDI this year: Malik

23 May 2018 02:55 am - 4     - {{hitsCtrl.values.hits}}


The government’s target is to attract foreign direct investment (FDI) worth US $ 2.7 billion this year, Development Strategies and International Trade Minister Malik Samarawickama told Parliament yesterday.

He said the country has attracted foreign direct investments worth US $ 1.9 billion in 2017.
Minister said the Board of Investments (BOI) has already approved several projects that would help the government to meet the US $ 2.7 billion investment target.

The projects Samrawickrama mentioned included two liquefied natural gas (LNG) power plants and one offshore LNG platform.”India and Japan will invest in these projects,” he stressed.

The minister further said a cement factory will also come in.

Joint Opposition MP Dr. Ramesh Pathirana asked for a value breakdown of foreign direct investments that are expected to come into the country this year, but Samarawickrama said he cannot give them off hand.

Meanwhile, Samarawickrama dismissed allegations made by the Joint Opposition over the recently inked Sri Lanka-Singapore Free Trade Agreement.

He said the FTA has no provisions to allow Singapore to provide employment in Sri Lanka for expatiate of other countries other than Singaporeans. Also he said Singaporean nationals will be allowed to work in Sri Lanka only in the companies set up under the FTA.

“We have also included a clause in the FTA which provides provisions to review the agreement after one year, and I invite the trade chambers and others to show us the areas which we might have to change when the review is done,” he added.(Yohan Perera and Ajith Siriwardene)

  Comments - 4

  • Rasheed Wednesday, 23 May 2018 10:22 AM

    Yes, in the dream.

    Nilame Wednesday, 23 May 2018 10:45 AM

    No investors coming to SL under your guys highly corrupted/bankrupted administration.

    Unchikun Wednesday, 23 May 2018 11:23 AM

    Another scam in the offering with his new buddy Gota?

    Ceylon Wednesday, 23 May 2018 11:37 AM

    This idiot only telling expectations.fool what you did last 3 years??.

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

The 20th Amendment Bill Lest We Forget

Strident calls were repeatedly made from many quarters for the 19th Amendment

Public transport 'side-laned'?

“Miss, mantheeru neethiya nisa api bus passen yanna one. Ithin drop eka par

Land acquisitions in Hanthana and Knuckles Mountain ranges

Sri Lankans will soon lose their opportunity to boast about the rich biodiver

Wanathawilluwa forest clearance: Whodunit?

Days after the Anawilundawa Ramsar Wetland, situated in Puttalam District, ma