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BOI-approved firms bag major share in Sri Lankan exports
31 Dec '12
1 min read
In the first half of 2012, exports fetched revenue of US$ 4,965 million for Sri Lanka, according to the latest statistics released by the Central Bank.
Of this, exports made by the Board of Investment of Sri Lanka (BOI) approved projects earned US$ 3,110 million, accounting for 63 percent of the total export revenue.
According to the report, industrial products accounted for 81 percent of all the exports made through the BOI, with the textiles and garments contributing a lion’s share.
Meanwhile, the BOI has identified Sampur Heavy Industrial City as new investment zone and has set a target to achieve US$ 4,000 million investment.
The board has also announced that it will come out with an appropriate incentive package for attracting investment and to achieve the goals set for 2015.
In addition, ten export processing zones (EPZs) and two industrial parks would also be modernized by 2015.
Fibre2fashion News Desk - India
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