BOI Statement Regarding Oil Refinery Project in Hambantota

We refer to the recent Reuters news report with regard to the above project . We are aware that there is no agreement that has been signed between Oman’s Ministry of Oil and Gas and Silver Park International PTE Ltd with regard to equity arrangements of the project. However, we are aware that Oman Oil […]

The 8th EU- Sri Lanka investor dialogue consolidates economic relations and resolves important matters

The 8th EU- Sri Lanka investor dialogue consolidates economic relations and resolves important matters – The liberalization of shipping sector was discussed. The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade recently. Many of the earlier outstanding matters had been resolved through dialogue and the joint efforts […]

Under a new agreement with BOI, a leading Indian Investor to manufacture Aluminium Food Containers and Aluminium Wrap at Mirigama EPZ

The Board of Investment of Sri Lanka signed an Agreement with ARD Aluminium (Pvt) Ltd to set up a factory to manufacture aluminium food containers with lids and aluminium home foil wrap for food. Currently these products which are popularly used by the catering industry are largely imported from other countries, notably China. This company […]

HIGH POWERED TEAM FROM MICHELIN HOLDS DISCUSSIONS WITH BOI CHAIRMAN AND DIRECTOR GENERAL- FRENCH TIRE MANUFACTURING GIANT TO SET UP IN SRI LANKA AS BOI ENTERPRISE

  A delegation from Michelin, the French tire manufacturing giant met with the BOI chairman Mr Hemasiri Fernando and Mrs Champika Malalgoda, Director General of the BOI. Mr Eric Le Corre, Group Director for Public Affairs of Michelin was accompanied by Mrs Nandita Khurana, Zone Head- Legal Africa, India, Middle East and Director Public Affairs […]

JOHN KEELLS GROUP LOGISTICS CENTRE TO BE BUILT IN WATTALA UNDER NEW AGREEMENT WITH BOI

The Board of investment of Sri Lanka signed an Agreement with Logipark International (Pvt) Ltd to construct, commission and operate a logistics center to provide integrated logistic services, container freight station, multi country consolidation and a range of local and international logistics solutions. The Agreement was signed by Mr. Zafir Hashim, Sector Head – Transportation […]

Hutch and BOI in supplementary agreement with USD 115 million in investment

From Left: Ms. Sharmini Jayasuriya Head of Legal Hutch, Mr. Lalith Fernando Chief Financial Officer Hutch, Mr. Bandhunath De Alwis Advisor Finance & Operations Hutch, Mr. Thirukumar Nadarasa CEO Hutch, Mrs. Champika Malalgoda Director General of BOI, Mrs. Shama Herath Senior Deputy Director Legal (BOI). The Board of Investment of Sri Lanka signed a Supplementary […]

BOI PROJECT BELLEVUE RESIDENCIES (PRIVATE) LIMITED PROJECT TO INTRODUCE HIGH-RISE LIFESTYLE TO JA-ELA – PROJECT WILL INTRODUCE ADVANCED CONSTRUCTION TECHNOLOGY

The BOI signed an agreement with Bellevue Residencies (Private) Limited which is a mixed development project for a 35-storey Tower and shopping complex. The unique aspect of this project is that it will be constructed in Ja-Ela and it is the first time that such a high-rise tower is built outside the city of Colombo. […]

International Partnership with British Company to Manufacture Disposable Medical Devices in Sri Lanka signed with BOI

A leading UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art manufacturing facility in Sri Lanka. Flexicare (Group) Limited is a UK headquarted manufacturer and supplier of medical devices, with subsidiaries in over 12 countries and 2 manufacturing sites, providing disposable medical consumables to over 110 […]

BOI signs MOU with Coast Conservation Coastal Resources Management Department – Investor Facilitation further enhanced

The Board of Investment of Sri Lanka signed a Memorandum of Understanding with the Coast Conservation & Coastal Resources Management Department. The MOU was signed on behalf of the BOI by Mrs. Champika Malalgoda, Director General of the BOI and by Mr. B K Prabath Chandrakeerthi, Director General of the Coast Conservation & Coastal Resources […]

Horana Export Processing Zone Contributes US$ 31.8 Mn In Export Revenue

The BOI’s Horana Export Processing Zone contributed US$ 31.8 Mn (Rs.5, 796.7 Mn) in export revenue as at end of 2018. Horana Export Processing Zone is located in the Kalutara District in the Western province. It is located 80 Km away from Bandaranayake International Airport, 55 Km from Colombo Port and only 18 Km to […]

Boi Signs Agreement For New Apartment Complex In Colombo

The Board of Investment of Sri Lanka signed an agreement with HNJ Towers (Pvt) Ltd to build a mixed development project located at R A De Mel Mawatha, Colombo – 3. The agreement was signed on behalf of the Board by Mr. Hemasiri Fernando, Chairman of the BOI. Mr. Imzaan Haqque, Chief Operating Officer of […]

Agreement Signing – 07.01.2019

Description of the project Skylift Container Depot and Logistics (Private) Limited. To set up a facility that would be engaged in warehousing and logistic services with a container depot. Location – Walgama, Malwana. Date of Signed – 07th January 2019. Investment Value – US$1.83 million Employment Generation – 49

Agreement Signing – 31.12.2018

Description of the project ARC Estate (Private) Limited. To set up a Service Apartment Complex. Location – No – 65, Horton Place, Colombo – 07. Date of Signed – 31st December 2018. Investment Value – US$ 5.168 Mn Employment Generation – 100

Agreement Signing – 31.12.2018

Description of the project Australasian Higher Education Services (Private) Limited. To set up a Hospitality Management Training Institute. Location – No – 59A, Alexandra Place, Colombo – 07. Date of Signed – 31st December 2018. Investment Value – US$ 0.64 Mn Employment Generation – 26

BOI signs agreement for warehousing and logistic project in Malwana : New facility will be advantageous to exporting enterprises.

The Board of Investment of Sri Lanka signed an Agreement with Skylift Container Depot and Logistics (Private) Limited to set up a facility that would be engaged in warehousing and logistic services with a container depot. This project with a total value of US$1.83 million will be located at Walgama, Malwana and provide employment for […]

BOI’s Biyagama Zone honoured with prestigious industrial relations award

The Biyagama Export Processing Zone of the Board of Investment of Sri Lanka was honoured recently for achieving a very high standard in “Social standard and Workplace co-operation”.  The Biyagama EPZ received a Silver Award from the Department of Labour, Ministry of Labour and Foreign Employment and Department of Petroleum Resources Development. This award was […]

Board of Investment of Sri Lanka has revised BOI Rates with effect from 01/01/2019

SCHEDULE  I LAND PREMIUM AND GROUND RENT FOR ENTERPRISES IN THE EXPORT PROCESSING ZONES/INDUSTRIAL PARKS  Minimum Rate When Calling for bids Charges per Acre Column I Column II No. Export Processing Zones and Industrial Parks Non Refundable Land Premium Payable Upfront  US$ Ground Rent (per annum) US$ 1. *Katunayake 60,000.00 5,130.00 2. *Biyagama 60,000.00 5,130.00 […]

Agreement Signing – 30.11.2018

  Description of the project Braybrooke Residential Tower (Pvt) Ltd. To set up an Apartment Complex. Location –  1) No-294/1 – 294/6, Colvin R De Silva Mawatha, Colombo – 02. 2) No – 11 & 15, Braybrooke place, Colombo – 02.   Date of Signed – 30th November 2018.   Investment Value – US$ 98.22 […]

“MAGNETIC NORTH” BOOMING AS THE NEW BOI INVESTMENT DESTINATION

The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka.   The BOI opened a dedicated office in Jaffna in 2010 to attract and facilitate investment into the province.   Whilst it is correct to say the Northern Province does have considerable potential, many opportunities still […]

New Scheme to dispose of non-hazardous waste becomes operational at BOI Biyagama Export Processing Zone

A new scheme to dispose of non-hazardous solid waste was formally launched at the BOI’s Biyagama Export Processing Zone (BEPZ), at its Material Recovery Centre (MRC).   Participating at the event were Mr. M K D Lawrance, Executive Director (Zones), Mr. Sanjeewa Chulakumara, General Manager, Insee Geocycle of Holcim and Ms. Sharika Senanayake, Director, Environmental Sustainability […]

High powered delegation to promote investment and exports in Germany

A High powered investment delegation led by Hon. Malik Samarawickrama Minister of Development Strategies and International Trade will make a strong pitch this week for German investment to Sri Lanka. The delegation will visit Frankfurt, Hamburg and Berlin and meet with senior German officials, as well as captains of German industry.  The Sri Lankan delegation […]

BOI HOSTS DELEGATION FROM LEADING CHINESE CHAMBER OF COMMERCE

A delegation of 14 entrepreneurs from one of China’s leading business chambers, the China International Chamber of Commerce for the Private Sector (CICCPS) visited the BOI with a view of exploring possibilities of investment in the island. CICCPS is one of China’s leading chambers with a membership of over 4 million companies.   This membership includes […]

Tourist arrivals up 6% in July

The total number of tourist arrivals to Sri Lanka during July 2018 was 217,829. In comparison to July last year, there is a growth of 6 % when the arrivals were 205,482. The largest source market for tourists in July was India, followed by China and United Kingdom. As at July 31, 1,382,476 tourists had […]

BOI HOSTS CHINESE DELEGATION FROM YUNNAN AND XIAMEN

A delegation consisting of officials and entrepreneurs from Yunnan province and from the visits of Xiamen in China visited the BOI in order to promote the participation of Sri Lankan State and Private institutions at the 20th China International Fair for Trade and Investment (CIFIT) that will be held in Xiamen in 08 – 11 September […]