Financial Times

BOI promoting regional development

The Board of Investment of Sri Lanka (BOI) recently organized an Investors Forum for the Kalutara District in partnership with the Kalutara District Chamber of Commerce and Industries (KDCCI), as part of its effort to bring investment to localities other than the Colombo and Gampaha Districts.

This forum which was held at Hotel Blue Waters, Wadduwa, brought together over 100 entrepreneurs and businessmen from the Kalutara district and state institutions including Lankaputhra Development Bank, People’s Bank (Kalutara Region), Inland Revenue Dept, Urban Development Authority, Ceylon Electricity Board, Coast Conservation Dept, Central Environmental Authority and the Bank of Ceylon.
A BOI press release said the local entrepreneurs were from Kalutara, Panadura, Beruwala, Bandaragama, Horana and other provincial towns of the district. Their focus is in agriculture, fisheries, tourism, health care industry and the Small and Medium Industries Sector (Small and Medium Industries). BOI Chairman/Managing Director Dhammika Perera spoke of the importance of developing business and investment at the grassroots level, and stressed the importance for the state and private sector bodies to work hand in hand in developing the local economy.

For investors in the Kalutara District, there were opportunities such as the construction of buildings, office complexes, small-scale hospitals, deep-sea fishing and value added agriculture projects. Mr. Perera said that it was important for entrepreneurs to know the full range of benefits the BOI offers investors. He said that 15 years back, he himself in his capacity of private entrepreneur, was not aware of the Board’s comprehensive package of incentives.

During a discussion, KDCCI President Sarath N. Hapuarachchi spoke on the challenges faced by entrepreneurs in the Moderawila Industrial Estate in terms of road access, to which the BOI . Chairman responded by saying that a BOI team will identify these problems and the matter will be taken up by the BOI with a higher institution.

Top to the page  |  E-mail  |  views[1]
Other Financial Times Articles
LMSL-land clearly belonged to SLPA
Sampath says capital adequacy enough
EU probe begins on Lanka’s GSP+
JKH share falls on rumours, foreign selling
Best times still ahead for investors in capital markets
Crude oil hits lowest in two years
Hard times for coir workers
Garment crisis, JKH on the hop
Revival: “We can do it”- Meegoda
Global crisis will take a minimum of 12 to 15 months to stabilise
PBJ affidavit to be accepted once all letters are filed-Court
Adverse comments against judiciary may be to stifle its independence
Cargills using Jayasuriya to woo public support for its products
Brandix takes Gold at National Cleaner Production Awards
Domestic workers in local households push for rights
Regional business leaders to meet at BPA AGM
Chairman and CEO must be two separate posts
Sri Lankan psychologists come together to form asssociation
Commercial Bank in world’s top 1000 banks
BOI promoting regional development
Sri Lanka takes historic step in evidence through video conferencing
Seylan Merchant Leasing’s deposit base tops Rs 1.5 billion
Lower consumption of lubricants-Chevron Lanka
Voice-based phone directory from Suntel
Colombo, Gampaha and Kalutara most competitive Sri Lankan cities
58% of low grown teas unsold at auctions this week
HSBC unveils world’s longest golf cart
Garment factory closures points to unviable industry-report
Arab airlines urged to focus on efficiency
Abdul Rahims – 136 years of trading
Dave Ulrich’s ‘Future Proof Your HR’ draws crowds to Water’s Edge
Sparks fly at SPAACS launch
Harry J-controlled parties restricted to 10% on ComBank voting
Veteran insurance consultant urges Code of Conduct for insurance
Onus on defendant to begin case under Debt Recovery laws
Renton to spearhead World Bank tourism project
Lankan banker wins ‘Woman of the Year in Finance’
Minimum wage for workers under consideration – outgoing EFC Chairman
Financial scandals : Who takes responsibility?
ADB, Sri Lanka agree on partnership strategy
JKH: Treatment of LMSL Land
Sri Lankan Actuaries form professional body
US$150 mln rescue package to tackle loss of GSP+ benefit
Interest rates to come down
Security experts stress importance of private security agencies


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution