Sri Lanka, March 18 -- Sri Lanka needs to do away from paper based methods, using to capture FDI figures; instead the country should focus on digitizing processes to collect FDI data in order to boost investor confidence and attract more FDIs, Kumudu Gunasekera, and Managing Director at Stax Inc said.

Gunasekera said Sri Lanka is heavily relying on paper based methods to capture FDI numbers and it is essential to come up with digitized processes to collect data to provide accurate information relating to FDI data to step up foreign investment in Sri Lanka.

"The way we collect FDI data is not accurate. There no uniformity in FDI numbers in Sri Lanka, as the BOI and the Central Bank have different numbers." he told at the 7th edition of C...