Duminda Hulangamuwa officially assumed duties today as Chairman of the Sri Lanka Board of Investment (BOI), pledging to strengthen the institution with the aim of boosting foreign direct investment (FDI) and export growth.
Speaking at the World Trade Center in Colombo, Hulangamuwa said his vision is to restore the BOI’s former authority and efficiency, transforming it into a “one‑stop shop” for investors with stronger political backing and inter‑institutional influence than before 2005.
He emphasized that Sri Lanka’s skilled workforce, market access, and strategic geographic location can be leveraged further to attract FDI. He also highlighted the need to provide competitive advantages in financial resources and clearly define the country’s investment value proposition.
Hulangamuwa noted that policy and legislative reforms are already underway to strengthen the BOI’s powers as the lead state institution for investment promotion.
He added that guiding Sri Lanka towards a strong economic trajectory as the main driver of the economy is the foremost responsibility of the BOI. (Newswire)