Sri Lanka, Sept. 2 -- The Board of Investments has approved projects to the tune of USD 1.2 billion so far this year, Director General (DG) of BOI, Sanjaya Mohottala said.

Another USD billion is in the pipeline for 2020 and this number can be bettered next year, he opined. Sri Lanka also had seen a positive export trend from local and also BOI companies in July.

The geopolitical situation also helped in this regard.

He said that the political stability that was created after the government secured a 2/3 majority and the management method adopted to detect, eliminate and treat COVID 19 clusters and patients which is among the best in the world are major plus points to promote Sri Lanka not only as a destination for investment but also a...