Since the formation of the new government, the Board of Investment (BOI) has approved 64 projects worth USD 650 million, while investment proposals totaling USD 3.7 billion are currently under feasibility review, Deputy Minister of Industries Chathuranga Abeysinghe announced.
Sharing the update on social media, the Deputy Minister said the government is prioritizing industrial growth by streamlining approval processes, enhancing infrastructure, and promoting Sri Lanka’s strategic geographic advantages to international investors.
As part of these efforts, a Chinese business delegation visited the Ministry of Industries and Enterprise Development on 28th of May to explore potential investment opportunities.
During the visit, discussions were held on investments in sectors such as vehicle assembly, rubber, chemicals, tourism, gems and jewellery, agriculture, and mineral-based industries. The delegation also showed strong interest in future-oriented sectors like artificial intelligence (AI), robotics, and electronics manufacturing.
The meeting was attended by Minister Sunil Handunnetti, Ministry Secretary Thilaka Jayasundara, senior ministry officials, affiliated agency representatives, and private sector stakeholders.
The Chinese delegation was led by Liu Chun, Vice President of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), and Nan Yi, Vice President of the China International Contractors Chamber for Power Sector (CICCPS), along with other business leaders.
Deputy Minister Abeysinghe emphasized that the ministry is fully prepared to facilitate and support the timely implementation of proposed projects during the delegation’s two-week exploratory visit.
