BOI tells President $ 4.6 b FDI proposals received so far in 2025

Saturday, 21 June 2025 00:11 - - {{hitsCtrl.values.hits}}

FDI in 1Q of 2025 rises by $ 96 m
President tells BOI progress review meeting Sri Lanka attracted only $ 22 b in investment since 1978 whereas Vietnam received $ 23 b in 2022 alone

President Anura Kumara Disanayake

The Board of Investment (BOI) yesterday informed President Anura Kumara Disanayake that Sri Lanka has attracted $ 4.6 billion in investment proposals thus far in 2025.

This was conveyed to the President when he chaired a meeting to review the progress of the BOI.

A statement from the President’s Media Division said the BOI has successfully increased Foreign Direct Investment (FDI) by $ 96 million in the first quarter of 2025, compared with the same period in 2024.

BOI officials also noted that, relative to the first quarter of 2024, domestic investment rose by $ 21 million, while export income increased by $ 176 million during the first quarter of 2025. “In total, Sri Lanka has attracted $ 4,669 million in investment proposals thus far in 2025,” the PMD said.

The meeting also focused on the issues and challenges associated with attracting investment to the country and discussed potential strategies to address them.

President Disanayake stated that the BOI holds a pivotal role in enhancing the national economy and improving the living standards of the rural population.

He stressed that opportunities to attract investment in traditional sectors are becoming increasingly limited and therefore the nation must identify new areas for investment, an endeavour that falls under the BOI’s mandate.

The President further noted that Sri Lanka has attracted only around $ 22 billion in investment since 1978. In comparison to other countries in the region, he stated, Sri Lanka must advance rapidly, referencing Vietnam’s achievement of securing $ 23 billion in investment in 2022 alone.

He went on to state that the BOI should prioritise the expansion of investment in the services sector and proactively seek new investment opportunities, rather than focusing solely on recapturing missed ones.

The event was attended by senior officials of the Board of Investment, including Senior Advisor to the President on Economic Affairs Duminda Hulangamuwa; BOI Chairman Arjuna Herath and Director General Renuka Weerakone.

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