Boi zones in sri lanka. Upcoming Events - Year 2024 .
Boi zones in sri lanka Top verified registered companies in the Horana, Sri Lanka. Ÿ Board of Investment of Sri Lanka (Amendment) Act, No. M K D Lawrance Executive Director Tel: +94 11-4833890 Mobile : +94 777915787 Email: lawranced@boi. 00 per m3 + Monthly Service Charge Nov 12, 2022 · The Katunayake Export Processing Zone (EPZ), the largest zone in Sri Lanka operating under the purview of the Board of Investment (BOI) has secured a special honourable mention for its reinvestment strategy in the fDi Intelligence’s Free Zones Awards 2022, reinforcing its position as one of the region’s leading industrial and free zones. Additional Director (Zone)/BOI Board of Investment of Sri Lanka Tel. Address of BOI Zone Office is Wathupitiwala Rd, Wathupitiwala, Sri Lanka. 011 2 632 157 Customer Care The Board of Investment of Sri Lanka (BoI) is the investment promotion agency of Sri Lanka. V. May 20, 2024 · The Act itself empowers the entity ‘Sri Lanka Investment Zones’ established by this Act to entrust the establishment, management and operation of Investment Zones to another private entity as a partnership, joint venture or under a management agreement. Email: admin1@industry. Located along the Colombo-Kandy highway, this zone was established in BOI Zone - Katunayake, located in Katunayaka, Sri Lanka, is one of the country’s most significant free trade zones. 00 per m3 + Monthly Service Charge The Labor Standards and Employment Relations Manual issued by BOI lays down good Industrial Relations principles and practices and sets out the basic terms and conditions of employment to be observed by BOI enterprises operating both within and outside the Export Processing Zones of Sri Lanka. 13. Jayasinghe Director Board Of Investment Of Sri Lanka Biyagama Export Processing Zone Biyagama Sri Lanka Phone: +94 (0) 1122465212 Fax: +94 (0) 112465227 Email: athulajaya@boi. Companies near me, Businesses in Horana, Business directory Horana, Big companies in Horana, Corporate companies in Horana the Board of Investment of Sri Lanka. On this page, you will find complete information about the area, places, locality and neighborhood of BOI Zone. lk Colombo Port - Best Connected Port, Liner Shipping Connectivity Index. 00 (Minimum Rate / Period of lease – 30 years) Ground Rent: US $ 6,850. Document Version Control Version Date Description Author 1. 69 acres are industrial land. ) Ltd. Jayalath Mohottala Board Of Investment Of Sri Lanka Kandy Industrial Park Pallekale Sri Lanka Phone: +94 (0) 812423991 Fax: +94 (0) 812423995 Local Loans and Development Fund (2023) - Not applying the requirements of Sri Lanka Accounting Standard SLFRS 9, when preparing and presenting the financial statements for the year ended 31 December 2021, when SLFRS 9 is effective (References: Paragraph 7. lk. It is one of the 5466 Government offices in Sri Lanka. Seethawaka Export Processing Zone, overseen by the Board of Investment (BOI) of Sri Lanka, is the sole zone situated in the Colombo District. 0 Pre –Bid Proposal Conference Meeting A Pre – Proposal Conference meeting has been scheduled at 1100 hrs on 11th August 2023 at Board of Investment of Sri Lanka, Level 24, Conference Room, West Tower, World Trade Center, Colombo 01. Some popular places in BOI Industrial Zone, Sri Lanka are RIGID TYRE CORPORATION (Pvt. Hotline : +94-77-1211213 Telephone : +94-11-2434403 / +94-11-2346131/3 Fax : +94-11-2448105 Aug 21, 2011 · SEETHAWAKA -Following environmental conservation methods, the Seethawaka Export Processing Zone, Sri Lanka's international-style industrial park has utilized 96% of its 180-acre developed land to set up factories with local and foreign investment of over Rs. Foreign investors have the same investment opportunities as local entities in these zones. Jun 30, 2016 · boi-lb-512 Private Added Date: 2022-03-31 The Board of Investment of Sri Lanka, structured to function as the central facilitation point for investors, is also responsible for permitting Imports and Exports of projects under section 17 of the BOI law as well as providing other investor related services. According to Board Of Investment (BOI) Sri Lanka, Land Premium: US $ 45,100. Land Premium: US $50,000. BOI in any written law or agreement will be construed to be a reference to the Economic Commission (“EC”) or to Zones Sri Lanka (“Zones SL”), as the case may be. ŸThe Enterprise shall bring the required minimum investment as stipulated in the Commercial Hub Regulation within the given period. BOI Profile The Board of Investment of Sri Lanka (BOI) was incorporated as a statutory body in 1978 named Greater Colombo Economic Commission (GCEC), to function as the government’s principal agency for promotion, coordination and facilitation of industrial development in designated areas of Sri Lanka. Currently, there are 14 Export Processing Zones around Sri Lanka which occupy a total land area of around 3,000 acres. As you explore international business, BOI Sri Lanka will provide a team of sector-specific experts supporting every stage of your investment or business cycle – from company registration to your first export. 3 The Board of Investment of Sri Lanka will determine the most preferred investment proposals for implementation in respective lands based on merits of both the Project and Proposed Bidding Value. Raja Edirisuriya, Aviation and Export Zone Development State Ministry Secretary Jan 3, 2025 · Sri Lanka’s Board of Investment (BOI) signed 74 projects in 2024, with an estimated investment of $ 608 million, with the second half of the year showing slow growth, the Finance Ministry said. 081-2423991, 074-2832451 12. As the apex agency for foreign direct investment in Sri Lanka, there are over 1,600 enterprises under the purview of BOI in the span of its 40 years in operation. 4 of 1978 As amended by: 1. Lawrence) +94777915787 Write a Review on Board of Investment of Sri Zone Director - Mr. The new admin office will control all administrative and processing activities for exporting goods of the Mirijawila Export Processing Zone. 00 per acre per annum: Water Charges: Rs. By registering your company with the BOI, you unlock a treasure trove of advantages, including: Attractive fiscal incentives: Enjoy reduced corporate income tax rates Sep 28, 2019 · Minister of Development Strategies and International Trade Malik Samarawickrama recently met with the representatives of six companies which have expressed interest in starting operations at the Bingiriya Export Processing Zone. Apr 5, 2022 · Despite the pandemic and lockdowns the existing companies in BOI zones have increased their investments in Sri Lanka. On such date, all property (movable or immovable) which was owned or under possession of BOI, in respect of licensed zones, will bedeemed to owned or under the (Biyagama Export Processing Zone) Map. Currently 85% of countries’ pharmaceutical needs are imported and about 15 local manufacturing plants including State Pharmaceutical Manufacturing Cooperation [SPMC] provide the balance 15% of the requirement with zones can benefit from each other’s proximity – they can be each other’s suppliers, for example. Some popular places in BOI Zone, Sri Lanka are Inoac Polymer Lanka (Pvt) Ltd, and Inoac Polymer Lanka (Pvt) Ltd. 2522A Virginia Ave NW Washington, DC 20037, USA P: 202-393-6663 | F: 202-393-6556 Feb 7, 2025 · The newfound government is accelerating its efforts to attract Foreign Direct Investment (FDI) to the country by providing much-needed infrastructure to existing and new investors. Equally in Sri Lanka, Industrial waste is hugely generated in free trade zones where number of industries operates at one reserved area. These zones also posses the necessary infrastructure facilities to set up an industrial operation. lk ŸExport Processing Zone Katunayake (KEPZ) ŸExport Processing Zone Biyagama (BEPZ) ŸExport Processing Zone Koggala (KgEPZ) ŸKandy Industrial Park –Pallekale (KIP) The investor has to register with the relevant service center and Sri Lanka Customs to obtain the above services at the initial point. BOI Zone Office is a Government office located in Wathupitiwala. M. Mirigama Export Processing Zone (MEPZ) is managed by the Board of Investment (BOI) and is in the Gampaha District about 65 Km North East of Colombo and 35 Km away from Bandaranaike International Airport. 00 per m3 + Monthly Service Charge The Board of Investment of Sri Lanka, structured to function as the central facilitation point for investors, is also responsible for permitting Imports and Exports of projects under section 17 of the BOI law as well as providing other investor related services. 00 (Minimum Rate / Period of lease –30 years) Ground Rent: US $ 5,130. The company was originally named Bridport Aviation. The investment zones in Bingiriya in the Northwestern Province and Hambantota in the Southern Province will also be further developed, aligning to the new investment zones. Welcome to BOI Zone, Sri Lanka homepage. Amsafe Bridport Ltd. Nov 22, 2023 · BOI stands for Board of Investment of Sri Lanka. Executive Director Technical Services Department Board of Investment of Sri Lanka, Level 5, West Tower World Trade Centre, Colombo 01 13. 00 per m3 + Monthly Service Charge BOARD OF INVESTMENT OF SRI LANKA Level 24, West Tower, World Trade Centre, Colombo 01 Telephone : +94-11-2434403 / +94-11-2346131/3 Fax : +94-11-2448105 Feb 6, 2025 · One key feature of the BOI zones is the provision of services that enable investors to operate their businesses smoothly, and investors always prefer the “turn-key nature” of these facilities. Indsignals under the purview of the BOI are currently in the process […] Welcome to BOI Industrial Zone, Sri Lanka homepage. 09 of 2002 Ÿ Board of Allocating BOI/Zone Land - Project Screening committee Approval including environmental/ engineering Clearance in principle. Zone Information Location; 29 Km North-East of Colombo and opposite the Colombo (Katunayake) International Airport: Transport The Board of Investment of Sri Lanka oversees several Export Processing Zones (EPZs) and Industrial Parks across the country, offering investors a range of facilities and tax incentives. User Manual for BOI COMPANIES Sri Lanka Customs Registration Website: Introduction Upon completing a successful sign up process, this user guide will provide a detailed guideline for BOI companies to complete the registration process. Nov 9, 2022 · The Katunayake Export Processing Zone (EPZ), the largest zone in Sri Lanka operating under the purview of the Board of Investment (BOI) has secured a special honorable mention for its reinvestment strategy in the fDi Intelligence’s Free Zones Awards 2022, reinforcing its position as one of the region’s leading industrial and free zones. Zone Director - Mr. Here he shares the island’s new FDI roadmap, plans for new free trade zones and BOI’s sustainability push. BOI Malwatta is a Board of trade located in Sri Lanka. D. The Apex Investment Promotion & Facilitation Agency of the Government of Sri Lanka | Established in 1978, under the name Greater Colombo Economic Commission, the Board of Investment of Sri Lanka is one of the foremost investment promotion agencies in South Asia. Lawrance Director Board Of Investment Of Sri Lanka Katunayake Export Processing Zone Katunayake Sri Lanka Phone: +94 (0) 112252494 Fax: +94 (0) 112253207 Email: lawranced@boi. Industrial Relations Department, Level 24, West Tower, World Trade Center, Colombo 01. , and FERENTINO TYRE CORPORATION (Pvt. FINANCE ACT NO. Board of Investment of Sri Lanka, Level 5, West Tower World Trade Centre, Colombo 01. This dedicated Pharmaceutical Manufacturing Zone plans to meet 40% of the domestic demand for pharmaceutical products by locally manufactured drugs while creating a 8. opened a new factory in Phase III of the Wathupitiwala Export Processing Zone. 4 of 1978 (BOI Law). labour laws of the country are also applicable to all enterprises in the country, including boi/epZ enterprises, and the ministry and department of labour are responsible Sri Lanka : Asia's Most Preferred Investment Destination Located in the Southern tip of the Bay of Bengal, at the epicentre of the 21st century maritime silk route, cross Commssii on of Sri Lanka and on the Fniancali Sector Stabtiliy Consultative Committee of the Central Bank of Sri Lanka. Q: What are the key aspects of BOI’s FDI roadmap launched last year? The Board of Investment of Sri Lanka (BOI) has issued a set of guidelines and standards for employment that companies operating within their zones should follow. Our Contact. Call. On this page, you will find complete information about the area, places, locality and neighborhood of BOI Industrial Zone. It is the main agency that approves any Foreign Direct Investments (FDI) or Local Investments in Sri Lanka. The meeting, held in the BOI Chairman’s boardroom, highlighted the urgent need for a BOI Malwatta is a Board of trade located in Sri Lanka. View Madapatha Lawrance-Msc’s profile on LinkedIn, a professional community of 1 billion members. 65 hectare expansion of the Pallekele Industrial Park owned by the Board of Investment (BOI) of Sri Lanka will create up to 1,500 jobs, The Morning learnt. The estate provides infrastructure facilities for small and medium-sized enterprises (SMEs) to operate their businesses, including factory buildings, roads, water supply, and a common effluent treatment plant. Fire engines and firefighting equipment are supported by a hydrant system. 4 of 1978 and its amendments is the principal law applicable to sets out the basic terms and conditions of employment to be observed by boi enterprises operating both within and outside the export processing Zones (epZs) in sri lanka. Chain link fencing, and round the clock security for entire areas by the BOI. The project or initiative in this location began in 1969. lk (+94) 35 322 0121; Important Links. BOI Zone Office is rated 4 (out of 5 stars) by 2 reviewers on the web. Services provided by BOI in zones Approval and facilitation for Export / Import Documentation & Recommendation of expatriate visa Engineering approvals such as building plans, site clearance, issuance of certificate of conformity & provision of dedicated infrastructure facilities such as centralist water and sewerage treatment facilities Land Premium: US $35,200. Lawrence said that this expansion will take place in 2021. Share +94112465212 (Director Mr. Sri Lanka. The Board of Investment Law (BOI Law) The Board of Investment Law No. 0 Pre –Bid Proposal Conference Meeting The Katunayake Export Processing Zone (EPZ) stands as a prominent industrial hub within Sri Lanka, nestled within the Western Province’s Gampaha District and the Katana Divisional Secretariat. INVESTMENT POLICY OF SRI LANKA Sri Lanka pioneered in South Asia's economic liberalization over three decades ago. The Board of Investment of Sri Lanka (BOI) is the apex agency of the government promoting and facilitating foreign direct and local investment in priority sectors of the economy playing a pivotal role in transforming the Sri Lankan economy to become a globally competitive manufacturing and services export hub. With over ~300 acres, the zone will provide opportunities for multiple verticals relating to the manufacture of textiles. Specialization of Zone: Largest Zone in the country with close proximity to the Bandaranaike International Airport, accommodating enterprises from different sectors and declared as a bonded area for Hub operations. K. Ministry of Industries; Industrial Development Board; Apr 4, 2022 · Despite the pandemic and lockdowns the existing companies in BOI zones have increased their investments in Sri Lanka. Ceylon Biscuits New Factory Biyagama as model for future industrial development in Sri Lanka. Ian Kentfield brought this project to Sri Lanka. The enforcement of provisions under the National Environmental Act is carried out by the BOI in respect of all projects established within its Export Processing Zones. It is one of the 5 Board of trades in Sri Lanka. This was opined by President Free Trade Zone Manufacturers Association (FTZMA) Jatinder Biala at their 41st FTZMA AGM at Colombo Hilton last week Aug 15, 2024 · The repealing of BOI Law No. Below is a list of key zones. Land Premium: US $110,000 (Minimum Rate / Period of lease – 30 years) Ground Rent: US $ 5,200. May 21, 2018 · Speaking on behalf of the Investors at the BEPZ, Andrew Hydes Director and Head of Operations Sri Lanka of De La Rue spoke of this company’s experience as an investor in Sri Lanka. 21 of 1983 Ÿ Board of Investment of Sri Lanka (Amendment) Act, No. Nov 14, 2022 · The Katunayake Export Processing Zone (EPZ), the largest zone in Sri Lanka operating under the purview of the Board of Investment (BOI) has been specially recognized for its reinvestment strategy in the fDi Intelligence's Free Zones Awards 2022, reinforcing its position as one of the region’s leading industrial and free zones. Engineering Approvals Department assists the investor by recommending the quantities of these items/materials, shipment by shipment basis to the Customs, after checking them against It is managed by the Industrial Development Board (IDB) of Sri Lanka, and provides infrastructure and facilities for manufacturing and other industrial activities. D. Sri Lanka has 15 free trade zones, also called “export processing zones,” which are administered by the BOI. Harsha Subasinghe Board Member Dr. Dec 7, 2024 · President Anura Kumara Dissanayake this week announced plans to establish five new investment zones across Sri Lanka next year as part of the government’s efforts to ensure financial stability •Promotes foreign investment in Sri Lanka •Origins in the Greater Colombo Economic Commission (GCEC) established in 1978 •Functions as the central facilitation point for investors •Re-constituted as BOI in 1992 •Principal Law: –The Board of Investment of Sri Lanka Law No. These include Export Processing Zones, Industrial Parks and Export Processing Parks. Oct 9, 2020 · United Nations Industrial Development Organisation (UNIDO) ITPO Tokyo hosted a webinar on “Investment Opportunities in Export Processing Zones in Sri Lanka” with the Board of Investment of Sri Lanka (BOI) and the Embassy of Sri Lanka in Japan recently, supported by Japan External Trade Organisation (JETRO). 00 per m3 + Monthly Service Charges Jan 15, 2025 · Sri Lanka is strategically located at the crossroads of major shipping routes to South Asia, the Far East, and the continents of Europe and America. Thus, the BOI has started the process of converting several investment promotion zones into green industrial zones. 43 of 1980 Ÿ Board of Investment of Sri Lanka (Amendment) Act, No. However, this legislation has undergone six amendments, each of which plays a crucial role in the legal framework underpinning BOI’s operations: Sri Lanka : Asia's Most Preferred Investment Destination Located in the Southern tip of the Bay of Bengal, at the epicentre of the 21st century maritime silk route, cross Download scientific diagram | - The Board of Investment in Sri Lanka’s interactive map showing the location of Export Processing Zones in Sri Lanka in 2014* Source: BOI (2014) *Reproduced with 8. Established in 1978, this sprawling zone covers an impressive extent of 513 acres, of which 330 acres are designated for industrial activities. Recognizing these potential benefits, the Board of Investment (BOI) of the Government of Sri Lanka (GoSL) has embarked on a new plan to expand its set of industrial zones, for the first time since 2003. 5 acres of which 50. K. Sri Lanka is strategically located at the crossroads of major shipping routes to South Asia, the Far East, and the continents of Europe and America. President Ranil Wickremesinghe emphasized in 2023 Biyagama’s transformation into South Asia’s premier trade zone and its role in May 20, 2024 · The Act itself empowers the entity “Sri Lanka Investment Zones” established by this Act to entrust the establishment, management and operation of Investment Zones to another private entity as a partnership, joint venture or under a management agreement. The initial model of development Board of investment of sri lanka Vacancy Post of Management Trainee . 4. Currently, there are 15 investment zones governed under the Board of Investment of Sri Within less than half a Kilo meter of Seethawaka Export Processing Zone, you can also find Electronic Information Technology Park, National Saving Bank ATM, FPA Suwasewa Center - Seethawaka, Commercial Bank ATM, Bank of Ceylon ATM, Planet Entertainment, Dmadhu Design, Salon ishuwaraa, BOI Seethawaka Permit Office, Sri Muthumariamman Hindu Temple, Fire Department, BOI Awissawella, Fire The Board of Investment of Sri Lanka is the apex agency for foreign direct investment in Sri Lanka. Speaking to The Morning, BOI Executive Director of Zones M. Ekala Industrial Estate is a government-owned industrial zone located in the Gampaha district of Sri Lanka. The zone is also committed to sustainable development. 00 per m3 + Monthly Service Charge integrated system is more suitable for IWM and specially at industrial park or free trade zone. Managed by the Board of Investment (BOI) of Sri Lanka, this industrial hub plays a crucial role in attracting foreign investment and boosting the nation’s export-driven economy. These facilities are provided by the Investor Services Department of the BOI. Land Premium: US $35,000. Feb 8, 2022 · President Gotabhaya Rajapaksa has appointed Renuka M. 4 For evaluation of proposals, the Board of Investment of Sri Lanka may request The district of Kandy is situated approximately 154 km away from Colombo in the Central Province of Sri Lanka. Harsha Subasinghe is the Founder, President and Chief Executive Oficer of CodeGen Group of Companies, based in Sri Lanka, UK and in the USA. One key feature of the BOI zones is the provision of services that enable investors […] Oct 16, 2019 · BOI enterprise AmSafe Bridport Ltd. 3 The Board of Investment of Sri Lanka will determine the most preferred investment proposals for implementation in respective lands based on merits of both the Project and proposed Bidding Value. 0 Pre –Bid Proposal Conference Meeting The Board of Investment of Sri Lanka, structured to function as the central facilitation point for investors, is also responsible for permitting Imports and Exports of projects under section 17 of the BOI law as well as providing other investor related services. Jan 25, 2021 · Centennial Group International. gov. Executive Director( Zones) at Board of Investment of Sri Lanka · BoARD OF INVESTMENT OF SRI LANKA · Sri Lanka · 80 connections on LinkedIn. 034-2269752, 077-7286751 12. Chanaka in the presence of BOI Chairman Eng. Established in 1999, the EPZ offers a host of infrastructure facilities such as water, waste water treatment, and electricity to promote industrialization in the region. Home to one of the Top 25 Container Ports in the World, the country is a key port of call for shipping lines and airfreight services. Sri Lanka : Asia's Most Preferred Investment Destination Located in the Southern tip of the Bay of Bengal, at the epicentre of the 21st century maritime silk route, cross Setting up business in another country can be overwhelming without proper guidance. ŸProcessing of web submissions on Sep 30, 2020 · The first EPZ in Sri Lanka was established in Katunayake in 1978 under the authority of the Greater Colombo Economic Commission (GCEC), which was later renamed Board of Investment. These facilities are provided by the Investor Services Department of the BOI Zone Director - Mr. GoSL has SRI LANKA BOI Board of Investment of Sri Lanka PHARMACEUTICAL MANUFACTURING ZONE Arabokka, Hambantota Emerging Investment Opportunities in Sri Lanka The BOI, in order to support developing new industry verticals via import substitution and exports, is establishing a state-of-the-art pharmaceutical zone in Arabokka, Hambantota. Upcoming Events - Year 2024 . There are currently 14 BOI zones in Sri Lanka with plans for another 3 in the pipeline. Jun 18, 2024 · The BOI Act of Sri Lanka primarily refers to the Board of Investment Law No. The proposal to handover the government Useful System Links Login The Board of Investment of Sri Lanka (BOI) has taken a number of initiatives in 2018 to improve its service delivery which includes addressing regulatory deficiencies and inter-agency coordination issues by inter connecting line agencies under a single virtual platform; Single Window Investment Facilitation Taskforce (SWIFT). Dec 25, 2020 · By Hiranyada Dewasiri The 5. 00 per m3 + Monthly Service Charge Land Premium: US $10,000. He made this observation during his address at the first-ever awards ceremony organised by the BOI marking its 45th anniversary at the Jun 10, 2016 · 3. Name: Shantha Kumara: Designation: Senior Deputy Director: Office Tel +94 33 2274657: Mobile +94 77 3136662: E-Mail: shanthak@boi. It was established in 1978 Security lighting. 2024 Board of Investment of Sri Lanka Access online services for setting up, import/export facilitation, and industrial labour relations provided by the Board of Investment of Sri Lanka. 0 Submission of Proposals Actg. As the apex agency for foreign direct investment in Sri Lanka, there are over 1700 Horana Export Processing Zone Board of Investment of Sri Lanka Tel. The zone offers a number of advantages, such as a streamlined regulatory environment, attractive incentives, and good connectivity. BOI Malwatta is rated 4 (out of 5 stars) by 1 reviewers on the web. ŸThe Enterprise shall be approved by the Board of Investment of Sri Lanka under the provisions of the Commercial Hub Regulation. Existing Policy, Institutional Frame Work and concessions to be offered a. The Board of Investment of Sri Lanka invites suitable proposals to set up export manufacturing projects in the Export Processing Zones (EPZs). Sri Lanka : Asia's Most Preferred Investment Destination Located in the Southern tip of the Bay of Bengal, at the epicentre of the 21st century maritime silk route, cross cutting major sea and air trade routes and Sea Sri Lanka, and several International Universities are having serious negotiations with the relevant authorities. It was established in 1998 on a land area of 260. The letter of appointment was handed over to the new Director General by Aviation and Export Zone Development State Minister D. Currently, there are 15 investment zones governed under the Board of Investment of Sri The BOI Act was amended in 1980, 1983, 1992, 2002, 2009 and 2012. 49 of 1992 Ÿ Board of Investment of Sri Lanka (Amendment) Act, No. The Minister was assisted by Deputy Minister Development Strategies and International Trade Nalin Bandara, Board of Investment of Sri Lanka Chairman Mangala Yapa As the Senior Software Development Specialist at the Board of Investment (BOI) in Sri Lanka, I leverage my extensive expertise to deliver efficient and innovative web development solutions for a diverse range of projects. Feb 11, 2021 · After just nine months as director general, Sanjaya Mohottala was appointed chairman of Sri Lanka’s Board of Investment (BOI) in late 2020. No. 8. 12 OF 2012 PART (IV) AS Nov 16, 2024 · November 16, Colombo (LNW): The BOI is in the process of turning the existing factories and the coming industries in the future into environmentally-friendly green industries. 4 For evaluation of proposals, the Board of Investment of Sri Lanka may Land Premium: US $30,000 (Minimum Rate / Period of lease – 30 years) Ground Rent: US $ 4,660. of SLFRS 9). The UK-based fDi Intelligence is a foreign direct Dec 16, 2020 · The Chairman of the Board of Investment of Sri Lanka as the head of this subcommittee has made a steady platform in this process. Electricity, water, and drainage systems; inbound illumination systems; and internal roads are the key attractions to the investors. Aug 9, 2024 · The Economic Transformation Bill was issued by way of Gazette on 14 May 2024 and was passed in Parliament on 25 July 2024. BOI Zone Office can be contacted at 94771815521. Opening Hours: 8:30AM — 4:30PM Phone:011 243-4403 - 5 / 011 234-6131 - 3 Initial point of contact for new investors or representatives of investors to meet with BOI officials. 00 per m3 + Monthly Service Charge BOI Sri Lanka | 34,570 followers on LinkedIn. Provide the strategic, technological & commercial foundation needed to encourage, promote & develop all industries all over Sri Lanka. Whilst providing various incenves and facilitaon for enhancing the private sector Land Premium: US $150,000. Galigamuwa Industrial Zone, Galigamuwa Town, Galigamuwa, Sri Lanka info@gizia. 00 per acre (Minimum Rate / Period of Lease – 30 years) Ground Rent: US $12,500. lk The Zone is declared as a “Strategic Development Project” (SDP) and, strategic textile manufacturing investments established within the borders of the zone are eligible for benefits under Sri Lanka’s SDP Act. +94-11-2434403 / +94-11-2346131/3 info@boi. This includes a 2005 policy that discourages atypical employment practices. Dr. Foreign investors/businesses could explore the possibility of setting up operations in one of these industrial zones. Sri Lanka aims to replicate the success of the Biyagama Free Trade Zone as a model for national industrialization over the next 15-20 years. 00 per m3 + Monthly Service Charge Overall, the Koggala Export Processing Zone is a well-established and attractive location for businesses that are looking to invest in Sri Lanka. All Rights Reserved. Apr 24, 2024 · According to the Cabinet Decision paper, the 2024 National Budget stressed the need of the hour in building an export-oriented economy in the post- economic crisis Sri Lanka. Established in 1999, this well-planned Export Processing Zone spans 431 acres, with 183 acres designated for industrial purposes. 00 (Minimum Rate / Period of lease – 30 years) Ground Rent: US $4,700. As such, the reputation of the association The BOI has several industrial zones island wide dedicated for foreign invested companies to set up factories in Sri Lanka. We have mastered the art of manufacturing stainless steel products, utilizing the best raw materials from well reputed manufacturers around the world, and by operating state of the art Feb 14, 2024 · The Minister conducted his routine progress review meeting held at Bingiriya Export Processing Zone recently, Minister of Investment Promotion Secretary M M Naimudeen, Director General of Sri Lanka Board of Investment Renuka Weerakoon, Divisional Secretary, officials representing institutions such as highways, electricity, water supply Section 17 BOI projects are entitled to import construction items/materials for their projects, provided the item type is not included in the “negative list”. With over 1,600 enterprises under its purview, the BOI contributes over 66% to the country‟s overall export earnings and 85% to the national industrial export earnings. A. Over the years, FTZMA has been instrumental in resolving various challenges and issues with the relevant authorities professionally and expeditiously. These Special Economic Zones provide companies with tailored infrastructure, specialized services, and business benefits. All BOI enterprises are expected to observe the Free Trade Zone Manufacturers’ Association (FTZMA), more commonly known by its members as the FTZMA, was founded with the aim of fulfilling the primary objectives as stipulated in its constitution. Jan 9, 2025 · The Board of Investment (BOI) in Sri Lanka operates various Export Processing Zones (EPZs) across the country. The BOI, in order to support developing new industry verticals via import substitution and exports, is establishing a state-of-the-art pharmaceutical zone in Arabokka, Hambantota. The additional investments made by existing companies in 2020 were US$ 716 million and this increased to US$ 1,032 million in 2021. Save. lk Sri Lanka : Asia's Most Preferred Investment Destination Located in the Southern tip of the Bay of Bengal, at the epicentre of the 21st century maritime silk route, cross Aug 25, 2013 · President Mahinda Rajapaksa declared open new Administration Office of the Sri Lanka Board of Investments (BOI) at the Mirijjawila Export Processing Zone in Hambantota. despite Sri Lanka’s commitment under the ongoing IMF programme to stop this scheme The Government has promised tax exemptions of seven to 25 years to any investor that sets up factories in the Board of Investment’s (BOI) dedicated textile manufacturing zone in Eravur, Batticaloa. 00 per acre (Minimum rate / Period of lease – 30 years) Ground Rent: US $4900. According to a response tabled at parliament by Finance and Planning Deputy Minister Harshana Suriyapperuma on 18 December, the BOI signed 41 new Export Processing Zone Sri Lanka Journal of Social Sciences and Humanities Volume 1 Issue 2, August 2021: 13-26 ISSN: 2773 692X (Online), 2773 6911 (Print) Apr 7, 2024 · New concessions declared by Govt. A list of activities which could be accommodated in respect of each EPZ has been prepared and could be made available on request. was established in November 2001 as Wathupitiwala and was formerly entirely British but is now a fully US-owned company. In 1984 De La Rue was registered in Sri Lanka as a BOI enterprise. 11 billion. 2019 User Manual for Registration Website: Level 24, West Tower, World Trade Centre, Colombo 01. 04 of 1978 and the establishment of the Sri Lanka Economic Commission and Investment Zones Sri Lanka in place of BOI are considered one of the important steps for The country also has 12 Export Processing Zones already operating under the Board of Investment (BOI) in Sri Lanka, which provides a range of services including; Approval and facilitation for export and import Documentation Sep 17, 2019 · The Board of Investment of Sri Lanka (BOI) has initiated plans to almost double the collective land extent of Sri Lanka’s Export Processing Zones, also known as Free Trade Zones. Address of BOI Malwatta is Guruvidyala Road, Sri Lanka. Tel:+94 112 392149 +94 112 392150. Developed by Information Technology Department Board of Investment of Sri LankaInformation Technology Land Premium: US $20,000. BOI Zone is an area located in Boralugoda, Poruwedanda, Horana, Sri Lanka. BOI Sri Lanka – Official Website of BOI Sri Lanka Feb 26, 2024 · What is the BOI and Why Choose a BOI Company? The Board of Investment of Sri Lanka (BOI) is your one-stop shop for attracting and facilitating foreign direct investments (FDI). The formal opening of the new factory Foreign Trade Zones/Free Ports/Trade Facilitation. 0 05. b. 1978 – 2024 Board of Investment of Sri Lanka. lk Head of Zones : Mr. Weerakone as Director General (Acting) of the Board of Investment (BOI) of Sri Lanka. Applicable Tax Concessions shall be granted by the Board of Investment of Sri Lanka (BOI). This dedicated Apr 4, 2024 · President Ranil Wickremesinghe, on Tuesday, wooed Board of Investment approved and overseas firms to get their investments ready as Sri Lanka will herald its next growth wave with stability restored. The Horana Economic Processing Zone (HEPZ) is a center of attraction due to its location. The BOI performs a major role in driving the economy of the country towards the set goals of the Government. Administrative Complex housing the BOI service units, Banks, Sri Lanka Customs, freight forwarding, Library, Postal & Medical facilities, etc, within the Zone. 12. However, these guidelines are not legally Horana Export Processing Zone (EPZ) is a vital industrial hub in Sri Lanka, covering 181 acres of land dedicated to manufacturing and other industrial activities. (This is not applicable to BOI licensees). The Economic Transformation Act (ETA) is to provide for the National Policy on Economic Transformation and for the Establishment of the Economic Commission of Sri Lanka Indo Siam Industries (Pvt) Ltd, is the only manufacturer of Stainless Steel Tubes & Accessories in Sri Lanka, under the brand name “Toyoki” since 2005. . The Act is still not available publicly and this article is based on the Economic Transformation Bill. Mr D M N Dissanayake Director - Investment Appraisal Tel: +94 11-2380185/ +94 112427088 Email: dissanayakemn@boi. 00 (Minimum Rate / Period of lease – 30 years) Ground Rent: US $ 4,660. lk Dec 2, 2024 · The sole trade chamber of BOI enterprises, Free Trade Zone Manufacturers Association (FTZMA) recently met with the new Chairman of the Board of Investment (BOI) to discuss critical measures needed to enhance investment and trade facilitation in Sri Lanka. The following transparent investment laws aim to foster foreign direct investments. 9 of 2002 2. Panaluwa The estate covers an area of around 32 acres and is home to a variety of industries, including apparel, food processing, and packaging. 43 of 1980 4. The extent of land in this area is specified as 53 acres, 1 rood, and 4 perches. 1. 75. Established in 1978, under the name Greater Colombo Economic Commission, the Board of Investment of Sri Lanka is one of the foremost investment promotion agencies in South Asia. hacxrruejfgqabjnjebqszyevuxanpwvczieunxwhcsyikksqkuzppvyvfpitzmkpdhcyjjqbe