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Colombo(News 1st); The Board of Investment (BOI) of Sri Lanka says foreign direct investment (FDI) inflows have increased by 101% in the first six months of this year compared to the same period last year.
According to a statement from the BOI, this growth is due to consistent economic policies and reforms aimed at boosting investor confidence and creating a business-friendly environment.
FDI inflows for the first six months of this year have exceeded US$ 507 million, up from US$ 252 million during the same period last year.
The BOI also noted that new investment proposals are being approved through a fast-tracked process to support investors more efficiently.
The BOI announced that Several high-impact investment projects have reached the implementation stage this year.
In the first six months of this year, the BOI has approved 57 new projects.