The Board of Investment (BOI) has identified six thrust sectors - Manufacturing, ICT, Tourism and Hospitality, Agri and Food Processing, Infrastructure, and other selected services to attract FDIs, as they offer the greatest impact to the Sri Lankan economy and its citizens to capitalize on to realize the vision set out by the Government to double GDP this decade.
Two main foundational pillars being ‘Country Attractiveness’ and ‘Revamping the BOI’ will aid the focus given to these thrust sectors. The BOI secured projects to the value of $2.3 bn last year, despite the global challenges. Transformational changes were simultaneously initiated on the economic landscape of the country as well as the BOI organization. The establishment of two dedicated zones – one for Pharmaceuticals in Hambantota, and the other for Textile Manufacturing in Eravur are cases in point.