100%(1)100% au considerat acest document util (1 vot)
38 vizualizări1 pagină
Sri Lanka has liberalized its economy and investment policies over the past 20 years to attract more foreign direct investment (FDI). It offers tax incentives for investments in export manufacturing, infrastructure, and technology. The country has six free trade zones with over 155 foreign export companies operating in them. While FDI increased due to favorable policies, global economic issues slowed investment inflows in recent years. However, Sri Lanka's FDI reached $425 million in the first half of 2008, with most going to the services sector such as telecommunications and power generation, as the country aims to increase FDI to $4 billion by 2012.
Sri Lanka has liberalized its economy and investment policies over the past 20 years to attract more foreign direct investment (FDI). It offers tax incentives for investments in export manufacturing, infrastructure, and technology. The country has six free trade zones with over 155 foreign export companies operating in them. While FDI increased due to favorable policies, global economic issues slowed investment inflows in recent years. However, Sri Lanka's FDI reached $425 million in the first half of 2008, with most going to the services sector such as telecommunications and power generation, as the country aims to increase FDI to $4 billion by 2012.
Sri Lanka has liberalized its economy and investment policies over the past 20 years to attract more foreign direct investment (FDI). It offers tax incentives for investments in export manufacturing, infrastructure, and technology. The country has six free trade zones with over 155 foreign export companies operating in them. While FDI increased due to favorable policies, global economic issues slowed investment inflows in recent years. However, Sri Lanka's FDI reached $425 million in the first half of 2008, with most going to the services sector such as telecommunications and power generation, as the country aims to increase FDI to $4 billion by 2012.
followed inward looking economic policies, which had limitations for foreign investors and free flow of FDI. With the market oriented economic policy accepted as being the most effective engine of growth, political entities have made it their top priority to create an investment friendly economic climate. Investment policies in Sri Lanka have been restructured to attract foreign investment. In addition, Sri Lanka was one of the longest democratic traditions in the region and over the past 20 years, successive governments have followed free market policies and continued to liberalize the economy. There are no restrictions on the repatriation of earnings, profits, and capital proceeds. . Sri Lanka offers an attractive package of fiscal incentives to foreign and local investment. Foreign investment is encouraged in enterprises, which involve extensive use of foreign capital or sophisticated technology, in exportoriented manufacturing, and in large- scale infrastructure projects. Apart from this, privatization and deregulation of the various sector in the country has led to the presence of global giants and attract FDI. Up to now, Sri Lanka has six free trade zones, also called export processing or investment promotion zones located in Katunayake (1978), Biyagama (1986) Koggala (1991) Pallekelle (1996) Mirigama (1997) and Malwatte (1997). There are over 155 foreign export processing enterprises operating in the six zones. Foreign investment inflows to Sri Lanka continued to increase over the last decade as a result of investment favorable policies adopted by the successive government. The downturn in world economic activities, slowing down in capital inflows to developing countries, deterioration of investor confidence due to the civil war and politics related uncertainty and the stagnation of the Japanese economy adversely affected the investment inflows to Sri Lanka in the past few years. Sri Lanka's foreign direct investment (FDI) flows in the first six months of 2008 reached 425 million US dollars. According to Board of Investment estimates, in 2008, the services sector attracted 362.3 million dollars worth of investments, with telecom leading with 290.7 million dollars followed by power generation with 46 million dollars. Property development had brought in 7.2 million dollars, hotels 2.07 million, other services 7.5 million and business process outsourcing (BPO) and information technology 9.05 million dollars. Sri Lanka expects foreign direct investment to more than quadruple to $4 billion by 2012. Last Updated on: 17-05-2010
Provincial Facilitation for Investment and Trade Index: Measuring Economic Governance for Business Development in the Lao People’s Democratic Republic-Second Edition