Investors say BOI lacks experienced staff
The Board of Investment (BOI) is currently facing a serious dearth of experienced officers as a result of which there are delays in carrying out daily tasks, some investors point out.
It is learnt that due to a drop in recruitment a significant number of officers have now retired leading to delays at the BOI. In handling operations related to the Free Trade Zones (FTZ) there is a dearth of experienced staff, which means there is a problem in providing the required services to the companies functioning under the BOI, investors point out.
So far it is impacting in a moderate way, it was stated but it was noted that in future if this situation is not addressed matters could aggravate.
Investors point out that this could have an impact on new investment appraisals and the government needs to be mindful of these concerns.
It is believed that though the government is aware of these issues addressing them is taking time.
In the meantime plans are underway to carry out the restructuring of the BOI.
Moreover, investors note that in the zones some small scale infrastructure facilities like security and water supply issues are being addressed by the new government but not to a great extent. Moreover at the Katunayak FTZ it was pointed out that this zone is full and the newly annexed land is also occupied.
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