Sri Lanka, Dec. 6 -- Notwithstanding a spate of global and local volatilities, the Board of Investments of Sri Lanka (BOI) has attracted foreign direct investment at record levels amounting to US$713 million in the first nine months of 2022, which is 71% of the 2022 full-year target of US$ 1 billion, revealed State Minister of Investment Promotion Dilum Amunugama.

Further, as of the first eleven months, BOI has inked a total of 123 agreements to the value of US$ 1.9 billion, which consists of US$ 1.5 billion in new projects and US$ 400 million in expansions. New projects are from countries such as India, Japan, Norway, Hong Kong, the UK, the USA, and Singapore. Out of 41 new projects, the majority are for the manufacturing sector includi...