Thu, 29 Feb 2024 Today's Paper

Government targets US $ 2.7bn FDI this year: Malik

By

23 May 2018 10:26 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • By Yohan Perera and Ajith Siriwardene 


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.

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka