Govt. confident of attracting over US$ 3 bn investments this year

13 May 2024 08:21 am - 16 - {{hitsCtrl.values.hits}}

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Sri Lanka is all set to triple the investment target set for 2024, State Minister of Investment Promotion Dilum Amunugama said, as the necessary activities to realise the goal for 1Q24, set by the Finance Ministry has been successfully rolled out.

Dilum Amunugama

Amunugama, addressing a press conference on Friday said that the authorities are confident in attracting over US$ 3 billion in investments to the country.

“It is important to note that the investment projects signed in 2023 will be executed this year, though they are not counted as part of this year’s investments,” added Amunugama.

He went on to stress that he can “confidently affirm” that the investment background has significantly improved, showing a 200 percent progress from two years ago, making Sri Lanka favourable for investors.

He shared that this year Sri Lanka initiated investment promotion efforts in foreign countries by appointing representatives to the investment board.

“Remarkable successes have already been achieved in countries such as Britain, Canada, France, Italy, and Germany through project promotion activities conducted via global forums comprising Sri Lankan businessmen residing abroad,” he noted.

Among the private industrial zones to be jointly established with the government near Trincomalee, Mankulam, Paranthan, and Kankesanthurai, the Kankesanthurai Private Industrial Zone is set to commence operations.

A Sri Lankan business group based in Canada is spearheading this endeavour with a US$ 500 million investment and has undertaken the responsibility of attracting projects to the zone, Amunugama shared.
Furthermore, under the Trincomalee District Development Plan, sectors like solar and wind energy, along with green hydrogen, are poised to emerge as significant investments in the country. “Following the completion of debt restructuring, we aim to expedite this development project in collaboration with India,” he stressed.

Comments - 16

Jude Monday, 13 May 2024 08:46 AM

Hey walk the walk talk the talk!!

Jude Monday, 13 May 2024 08:51 AM

Am confident SL team gonna win the T20 world Cup, Huh

Jude Monday, 13 May 2024 08:51 AM

Am confident I can be The next president

Nimal Monday, 13 May 2024 08:52 AM

Is he from a different planet? Who wants to come to this country even as a tourist, let alone investing? To invest in a country, there should be so many things in place - rule of law for everyone, lack of corruption or bribe taking, ease of documentation, movement, first class infrastructure and a trustworthy legal system and stable and respectable pollical system and decent politicians/statesmen. SL has none of that.

Jude Monday, 13 May 2024 08:53 AM

Hey Dilum, get real. Are you high or drunk!!

Sambo Monday, 13 May 2024 11:19 AM

The government is confident of attacking so many things but could not achieve even 5% of its targets. Who the devil will want to invest in a bankrupt country and dishonest politicians.

Spartacus Monday, 13 May 2024 01:13 PM

You guys in Parliament are brimming with confidence about everything but in actuality since independence we are brimming with corruption, losses and criminality perpetrated by all of you. So stop the nonsense talk and talk after you deliver.

Another Clown With No Economic Understanding Monday, 13 May 2024 02:00 PM

He’s so proud of this figure! Does he remember the outstanding loan SL need to pay besides the accumulating interest? Last heard around USD$65 billion with interest. At the rate of over expenses and limited investments and collection of revenues, may take a few lifetimes to payoff current debts ( not future debts).

Ram Monday, 13 May 2024 03:34 PM

If 5% of the 3 Billion Dollars go as commission that is a stunning USD150 Million. No Joke. Please go ahead

Iranda G Monday, 13 May 2024 04:23 PM

YOU MUST BE GETTING A FAT COMMISSION THAN.....

Hon. Sarneris Monday, 13 May 2024 07:27 PM

FDI is worth while when they bring new innovative projects that add value to Lanka. But the FDIs these clowns bring in result in selling profitable state businesses, and valuable lands.

Navi Monday, 13 May 2024 08:09 PM

Do not count the Chicken before the eggs are hatched.

S.K Kumara Tuesday, 14 May 2024 05:01 AM

Joker pulled a wildcard here. In a country without any law and order, clowns requesting bribes and the law enforcement is at sleep who is stupid enough to invest in Sri Lanka ?

Pusa Tuesday, 14 May 2024 08:16 AM

I’m 100% confident you are a clown

Gandani Pala Tuesday, 14 May 2024 11:30 AM

Pin Bath Kana Pin Padi Dilum, do you know of what you are talking about! Go and wash both RW and Myna backs again to develop your dead brain!! With their smell you will be recovered!!

Gandani Pala Tuesday, 14 May 2024 11:30 AM

Pin Bath Kana Pin Padi Dilum, do you know of what you are talking about! Go and wash both RW and Myna backs again to develop your dead brain!! With their smell you will be recovered!!

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Govt. confident of attracting over US$ 3 bn investments this year

Comments - 16

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