Srilanka, Feb. 3 -- The government is focusing on six key sectors-hospitality, logistics, renewable energy, technology, agriculture, and apparel & textiles-to attract foreign direct investments (FDIs) by building a creative and conducive environment for investments, rather than relying solely on incentives.

This move was highlighted by Board of Investment (BOI) Chairman Arjuna Herath during a panel discussion at the Sri Lanka Economic Summit in Colombo last Wednesday, organised by the Ceylon Chamber of Commerce.

Herath identified the hospitality sector as a "low-hanging fruit" for attracting investments. The government is actively promoting public-private partnerships (PPPs) in this sector, with Sri Lanka Tourism Development Authority...