Political stability & autonomy assured for investments: President

December 5, 2024 at 5:26 PM

President Anura Kumara Dissanayake says an environment suitable for investment has been created under the political stability in the country at present.

The President assured that there will be no political influence in granting new investment opportunities, such as those based on political affiliations. 

He further said that the Board of Investment of Sri Lanka (BOI) would be granted full autonomy to attract clean investments that are beneficial to the country. 

The President made these remarks during a discussion held with senior officials of the BOI at the Presidential Secretariat today (05 Dec). 

During the discussion, President Dissanayake emphasized the importance of achieving both political and financial stability in the country, adding that the BOI bears a significant responsibility in this regard. 

The President further stressed that the BOI must remain committed to fulfilling its assigned duties effectively, assuring that the BOI would be granted full independence to attract investors who can bring meaningful benefits to the nation. 

Additionally, the President announced that the upcoming budget would prioritize provisions to enhance the BOI’s efficiency and that plans are also underway to establish five new investment zones across the country next year. 

Secretary to the President Dr. Nandika Sanath Kumanayake, Chairman of the Board of Investment of Sri Lanka Arjuna Herath, Director General Renuka M. Weerakone, and a group of officials also attended the meeting. (Newswire)