Sri Lanka, Jan. 20 -- The foreign direct investments (FDI) into Sri Lanka increased to US$ 548 million in January through November, from US$ 345 million end-June in 2020, but not enough to meet the revised US$ 750 million target set for this year.
Sri Lanka was estimated to have received US$ 793mn in FDI in 2019. Sri Lanka wasn't hopeful anything more than US$ 300 million in direct investments into job creating businesses during 2020 as the prospects turned gloomy with the pandemic, but the quick rebound since June prompted authorities to set a US$ 750 million FDI target.
Sri Lanka is expecting at least US$ 3 billion worth of foreign investments in 2021 to Colombo Port City, Hambantota port and other industrial zones being planned through...