BOI aims to be world-class service
The Board of Investment has undertaken an ambitious programme to
transform the organization into a world class service organization
amidst opposition from some officials.
are bound to break a few eggs, demolish a few mafias and some comfort
zones of some officials who are either ignorance of the benefits
of change or deliberately oppose it. The majority is supportive
and many segments have contributed to this restructure,” noted
BOI chairman Saliya Wickremasuriya. Officials and some unions are
opposing the change.
government’s premier investment promotion body has been broken
into five divisions with a lot of independence in decision-making.
The business intelligence unit is being developed to provide a much
more advanced service in background information about potential
said BOI expertise is being developed in tracking investors to make
sure they are in line with their investments and to be aware well
ahead of time if companies are in trouble and heading for a possible
BOI has also developed a traffic-lights system of demarcating the
good and bad companies under a red, yellow and green categorization
based on performance in labour compliance, wages, human relations
or welfare. “The companies know which category they have been
placed in,” he said.
BOI is also planning three new special economic zones at Welikande
and on the new southern highway to Matara, all of which would be
owned by the BOI but managed by the private sector.