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Category Archives: News

South Korean investor expresses strong support and confidence in Sri Lanka – new BOI agreement to produce packaging items for export signed

  • by boi_admin
  • June 27 2019
  • News

  The Board of Investment of Sri Lanka signed recently supplementary agreement with J and D Venture (Pvt) Limited. The agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the Board and on behalf of company by Mr. Seong Eun Lee and Mrs. Seok Ok Jang, Directors. Mr. Jeong Ho […]

INSEE Ecocycle extends waste management services to BOI for the next 16 years

  • by boi_admin
  • June 25 2019
  • News

(From Right to Left) Chairman of Board of Investment Sri Lanka, Mangala B. Yapa exchanging the agreement with Chairman/CEO of INSEE Cement Sri Lanka, Nandana Ekanayake at the formal signing ceremony which was held at BOI head office. Also seen in the picture are Director of INSEE Ecocycle Lanka (Private) Limited, Sanjeewa Chulakumara and INSEE […]

Spanish Investor To Build Hotel Resort At Yala – Expresses Confidence And Support For Sri Lanka

  • by boi_admin
  • June 14 2019
  • News

  The Board of Investment of Sri Lanka signed an Agreement with Putus Brother’s Sustainable Developments (Private) Limited to build, construct and operate a 15 cabana Hotel Project in Palatupana, Yala.   The Agreement was signed on behalf of the Board of Investment of Sri Lanka by Mr. Anil Amarasuriya, Board Member and Acting Chairman […]

Japanese Investor Reiterates his confidence in Sri Lanka

  • by boi_admin
  • June 11 2019
  • News

  In the aftermath of the disruption caused by the tragic events on Easter Morning on 21st April 2019 the Board of Investment represented by its Media and Publicity Director Dilip S. Samarasinghe spoke to Mr. Jitsuo Mikasa, President of Tosslec Co. Ltd., of Kyoto, Japan whose subsidiary Tos Lanka Co. (Pvt) Ltd., has been […]

RENEWED FOREIGN INVESTOR CONFIDENCE IN SRI LANKA: THE BOI SIGNS OFF ON LUXURY RESORT “THE PLANTATION KOGGALA”

  • by boi_admin
  • June 6 2019
  • News

BOI SIGNED AGREEMENT WITH SLT, GRANTING APPROVAL TO INSTALL EQUIPMENT IN 157 SITES.

  • by boi_admin
  • May 28 2019
  • News

  Granting approval to install telecommunication equipment in 157 sites, the BOI signed an agreement with the National Communication Service Provider, Sri – Lanka Telecom (SLT) recently. This approval was also permitted by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL).   On behalf of the BOI Mr. Mangala Yapa, Chairman of the Board signed […]

Agreement signed between BOI and Hutchison Telecommunication Lanka (Private) Limited will strengthen telecom infrastructure

  • by boi_admin
  • News

The Board of Investment of Sri Lanka signed a supplementary Agreement with Hutchison Telecommunications Lanka (Private) Limited permit the enterprise to set up a warehouse facility to be used for storage at Diyabula Estate, Wattala. The Agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the Board and by Mr. […]

Global Seafoods under Agreement with BOI to process Wakame seaweed: A new product added to Sri Lanka’s export basket

  • by boi_admin
  • News

  The Board of Investment of Sri Lanka signed a supplementary Agreement with Global Seafoods Pvt Ltd on 17th May 2019, to process Wakame Seaweed for export in their existing factory complex.  The Agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the Board and by Mrs. Radhika Subasinghe, Director […]

BOI Communiqué – 08.05.2019

  • by boi_admin
  • News

Ministers Malik Samarawickrama, Kabir Hashim and Rishad Bathiudeen and Chairman, Board of Investment had productive discussions with H.E. Dr. Mohammed Hamed Al Ruhmy, Minister of Oil and Gas of Oman, the Officials of the Oman Oil Company & Orpic, the integrated Oil & Petrochemical Company (Oman Oil Refineries & Petroleum Industries Company)during their recent visit […]

Mangala Yapa Appointed New BOI Chairman

  • by boi_admin
  • News

Mangala Yapa, a respected professional with extensive private sector and public sector experience, has been appointed as the new Chairman of the Board of Investment by H.E. President Maithripala Sirisena. Mr. Yapa assumed duties as the 22nd Chairman of the country’s apex investment promotion authority, following an earlier stint as a Member of its Board. […]

Largest ever FDI sign of working Govt. says PM

  • by boi_admin
  • News

$3.8b refinery inaugurated with fanfare in H’tota on RW’s b’day  PM says latest investment shows H’tota is open to all countries  Outlines plans to increase projects, develop investment zone  Mattala to be operational in three months, tourism corridor from Mattala to Katunayake planned  Insists Govt. has delivered on promises, converted H’tota’s “white elephants” into viable […]

BOI Statement Regarding Oil Refinery Project in Hambantota

  • by boi_admin
  • News

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 […]

Ground breaking Ceremony of Two Landmark Investment Projects in Mirijjawila Export Processing Zone

  • by boi_admin
  • News

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

  • by boi_admin
  • News

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

  • by boi_admin
  • News

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

  • by boi_admin
  • News

  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

  • by boi_admin
  • News

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

  • by boi_admin
  • February 15 2019
  • News

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

  • by boi_admin
  • February 12 2019
  • News

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

  • by boi_admin
  • February 7 2019
  • News

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 AGREEMENTS FOR HOTEL, FABRIC MANUFACTURE, AND WAREHOUSE & LOGISTICS FACILITY

  • by boi_admin
  • News

The Board of Investment of Sri Lanka signed Agreements for 4 new projects recently. The companies representatives signed the agreements with the BOI. Representing the BOI was Ms. Champika Malalgoda, Director General of the Board of Investment of Sri Lanka. One of the Agreement signed was with Arihara Lanka Dream Company (Private) Limited to set […]

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

  • by boi_admin
  • January 25 2019
  • News

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

  • by boi_admin
  • News

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

  • by boi_admin
  • News

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

  • by boi_admin
  • January 10 2019
  • News

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

  • by boi_admin
  • News

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

  • by boi_admin
  • News

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.

  • by boi_admin
  • News

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

  • by boi_admin
  • January 4 2019
  • News

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 […]

BOI signs Agreements for Hospitality Industry Academy and Service Apartment Complex

  • by boi_admin
  • News

The BOI signed an Agreement with the Australian Academy of Hospitality (AAH) recently. Mr. Hemasiri Fernando, Chairman, signed on behalf of the Board. Mr. Kalum de Silva, Managing Director of AAH signed the Agreement on behalf of the Company. Also present at the signing ceremony was Mrs. Champika Malalgoda, Director General of the BOI and […]

BOI’s Seethawaka Export Processing Zone, contributed US$ 294 million in Export Earnings in 2018

  • by boi_admin
  • December 24 2018
  • News

  The BOI’s Seethawaka Export Processing Zone, contributed US$294 Mn (Rs.52,842 Mn) in export revenue as at end of October 2018. It was Rs. 65,791  Mn. in the year of 2017. Seethawaka Export Processing Zone is the only zone located in the Colombo District. It is 47 Km from Colombo via low –level road and […]

New BOI Projects signed in Tourism and Pharmaceutical Sectors: future Hilton Hotel in Yala, I V Fluids to be locally made

  • by boi_admin
  • December 21 2018
  • News

The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were signed on behalf of the BOI by the Chairman Mr. Hemasiri Fernando. Also present was Mrs. Champika Malalgoda, Director General of BOI. The Wild Beach Resorts (Private Ltd) project is to set up, construct […]

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

  • by boi_admin
  • December 12 2018
  • News

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

  • by boi_admin
  • November 30 2018
  • News

  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 […]

Attraction of investment into the Trincomalee district by BOI fuels significant development and employment generation

  • by boi_admin
  • October 23 2018
  • News

The Board of Investment of Sri Lanka has played a vital role in promoting and developing the economy of the Eastern Province of the island.  In the past, the district of Trincomalee had suffered as a result of the internal conflict faced by the country.   Economic development generated by investment has fostered and brought about […]

The Wathupitiwela Export Processing Zone Contributes US$25.6 million in Export Earnings

  • by boi_admin
  • July 25 2018
  • News

The BOI’s Wathupitiwela Export Processing Zone (WEPZ) located in the Western Province is an important industrial area that has contributedUS$ 25,599,216.25 (US$ 25.6 Mn) in export revenue as at end of March 2018. WEPZ is located in the Gampaha District, about 42 Km away from Colombo. It was established in 1998 on a land area […]

BOI HOSTS CHINESE DELEGATION FROM YUNNAN AND XIAMEN

  • by boi_admin
  • July 31 2018
  • News

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 […]

Tourist arrivals up 6% in July

  • by boi_admin
  • August 8 2018
  • News

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 DELEGATION FROM LEADING CHINESE CHAMBER OF COMMERCE

  • by boi_admin
  • August 29 2018
  • News

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 […]

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

  • by boi_admin
  • October 8 2018
  • News

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 […]

Six panel caps exported to the USA from the BOI’s Malwatta Export Processing Park

  • by boi_admin
  • October 2 2018
  • News

The BOI’s Malwatta Export Processing Park (MEPP) contributed Rs 2,832Mn (US$ 18 Mn) in export revenue as at end of 2017. MEPP is in Nittambuwa, in the Gampaha District, about 38 Km away from Colombo. It was established in 1998 on a land area of 32.8 acres of which 26.32 acres are industrial land. The […]

High powered delegation to promote investment and exports in Germany

  • by boi_admin
  • September 25 2018
  • News

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 HOLDS DISCUSSIONS WITH LEADING SINGAPORE LEGAL PROFESSIONALS AND BUSINESS DELEGATION

  • by boi_admin
  • September 19 2018
  • News

The Board of Investment of Sri Lanka hosted a delegation of 25 members from the Singapore Business Federation and Law Society of Singapore.  The delegation consisted of entrepreneurs and senior lawyers led by Mr. Gregory Wijeyendran President of the Law Society of Singapore. The Law Society of Singapore is a body established under the Legal […]

BOI HOLDS DISCUSSIONS WITH LEADING SINGAPORE LEGAL PROFESSIONALS AND BUSINESS DELEGATION

  • by boi_admin
  • September 3 2018
  • News

“MAGNETIC NORTH” BOOMING AS THE NEW BOI INVESTMENT DESTINATION

  • by boi_admin
  • October 15 2018
  • News

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 […]