Business

BOI encourages France to re-invest in Sri Lanka

Ambassador of France Eric Lavertu and French Embassy in Sri Lanka Economic Counsellor Jean-Alexandre Egea, met with Board of Investment (BOI) Chairman Eng. Raja Edirisuriya and Director General Renuka Weerakone, where they discussed matters on attracting more foreign direct investment (FDI) from France, as well as the facilitation provided for existing investors to encourage them to re-invest and expand their operations in Sri Lanka.

During the discussion, the French Ambassador stated that the EU-Sri Lanka Investor Dialogue that was held on 31 January, chaired by Minister of Finance Basil Rajapaksa, was an effective facilitation forum for existing investors from the EU. The Ambassador thanked the Chairman and the BOI team for a well-co-ordinated event and expressed appreciation.

The BOI Chairman briefed the Ambassador regarding the pharmaceutical zone that is currently being developed at Hambantota, as well as the structured projects within the Colombo Port City and the Chairman invited French investors to consider investing in the pharmaceutical zone and the Colombo Port City, especially in tourism and hospitality.

During the meeting, the follow-up of the BOI Investment Promotion Mission to Paris in October 2021 was also discussed and the Chairman mentioned that the BOI will continue to work closely with the French Embassy in Sri Lanka to attract more FDI from France. The Ambassador assured fullest co-operation in attracting more FDI to Sri Lanka.