Home / Front Page/ Sujeewa backs BOI, says Wijeyadasa has “no clue”

Sujeewa backs BOI, says Wijeyadasa has “no clue”

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 1 August 2017 00:45


  • Claims Justice Minister’s remarks “totally wrong”
  • Defends BOI registered companies, confirms no release of goods to local market
  • Three-member committee to submit report this week on Rajapakshe’s allegations
  • Assures a restructured BOI within 2 months

By Charumini de Silva

State Minister for International Trade Sujeewa Senasinghe backed the Board of Investment (BoI), rejecting statements it should be shut down, and charged Justice Minister Wijeyadasa Rajapakshe has “no clue” of the current status of the organisation. 

Senasinghe pointed out that the recent remarks by Rajapakshe that the BOI needs to be shutdown were made without knowing how hard the Government has been working to restructure the institute to attract much-needed Foreign Direct Investment (FDI) to Sri Lanka.

“He does not have a clue what he was talking about. There is not a single BOI registered company releasing goods for the local market. These were some other companies we were talking about at a group meeting. I think he was informed correctly, but understood in a wrong sense,” Senasinghe told the Daily FT on Friday. 


Rajapakshe speaking at the Sri Lanka Economic Summit last week alleged BOI registered companies were releasing goods to the local market and disrupting local traders. He also claimed such BOI registered companies were “destroying local entrepreneurs”.

In response to this Senasinghe said: “What he said at the forum was totally wrong. I did not want to be rude to him. I think he was talking about 15-20 years ago because we have strict rules and guidelines for BOI registered companies. Nothing can go out to the local market that is under the BOI.”

The State Minister asserted that they had appointed a three-member committee which includes Sarada de Silva, Fazal Mushin and Dhara Wijetilleke to investigate Rajapakshe’s remarks and submit a report within this week.

“He has no clue about what we do at the BOI. With the support of the Harvard University team, we are restructuring the BOI and it is going to be a totally different place in two months,” Senasinghe assured.

Senasinghe is confident of reaching an export target of $20 billion by 2021 bolstered by GSP+ along with the industrial zones that will be set up across the country to increase FDI-led exports.

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch

Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further

What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available

On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q

Columnists More