Sri Lanka approves US$1.348bn FDI up to April: minister

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sashimaal
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Sri Lanka approves US$1.348bn FDI up to April: minister

Postby sashimaal » Tue May 22, 2018 3:07 pm

May 22, 2018 14:20 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka has approved 1,348 million US dollars of foreign investment projects up to April 2018, International Trade and Investment Minister Malik Samarawickreme told parliament.

By June about 2.75 billion US dollars of projects including two LNG plants will be approved, he said.

Approved investments usually come into the country over several years as the projects are constructed.

He said Sri Lanka was planning to get 2.5 billion US dollars of investments in 2018, up from 1.9 billion US dollars last year, which was the highest in the country's history.

He said up to April the country was 'on track' to get 2.5 billion US dollars of investments. (Colombo/May22/2018)
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