Sri Lanka’s foreign direct investment (FDI) dived 54% to US$ 450 million in 2016 year-on-year, as against US$ 970 million in the previous as inconsistent tax and economic policies weighs.
International Trade Minister Malik Samarawickreme stated the total FDI reached an extremely low level by any standard in 2016.
Noting that the existing policies have not managed to attract foreign investors and FDI into the country, the Minister said that Board of investment needs to promote investment and if necessary, regulations and rules need to be changed to attract investments.
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