Oxford Business Group report on SL status on Economic Grid to be launched

Oxford Business Group report on SL status on Economic Grid to be launched

Oxford Business Group report on SL status on Economic Grid to be launched

Written by Tharushan Fernando

29 Apr, 2015 | 9:22 pm

The first report on Sri Lanka’s status on the Economic Grid, compiled by the Oxford Business Group is scheduled to be launched in January 2016, at the World Economic Forum in Davos, Switzerland.

BOI Chairman, Upul Jayasuriya stated at a media briefing on Tuesday, held prior to the signing of the MOU between the Oxford Business Group and the Board of Investment Sri Lanka, that 63 investments are awaiting approval and 82 have been approved and awaiting the signing of the agreement as well as 121 companies are awaiting implementation and there 220 companies awaiting commercial operation.

He further added that the BOI has been busy over the last two months with efforts to change the thinking pattern and the culture as well as to project themselves more, as a facilitating agency than a regulating agency.

He also stated that there have been fair amount bottle necks that have come up in different areas, particularly from the side of treasury and also different groups of people getting involved in this decision making process. He added that creating this situation without these bottle necks, its the BOI and the BOI only, that will be responsible for the decision making process with regard to the approval.

Brooke Butler, the Country Director for the Oxford Business Group stated that the purpose of working together with the BOI is to inform the international business community that Sri Lanka is an emerging economy that not only offers strong growth but an attractive an abundant opportunities in extremely strategic global location. He went on to add that throughout their work over the past 20 years, the best way to produce an incredible report is to work with local experts.

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