The long-standing Italian business heritage continues with Benji’s expansion of U$35 million. In 1999, a renowned Italian business firm entered Sri Lanka and invested in the garment sector. Calzedonia first invested in the Omega Line. The firm first focused on the European market, followed by Sirio Limited and Alpha Apparel investments. Benji Limited began making
BOI’s IT department further enables a better investor experience by continuing its digitization process. The Central Verification Division of the Board of Investment of Sri Lanka, located in Orugodawatte, will digitize many functions, including issuing gate passes, starting today (10th, January). Accordingly, the Board of Investment of Sri Lanka expects this program to provide an
Brandix continues its apparel technology legacy by adding Fusion Apparel to the industry FUSION APPAREL (PVT) LTD The joint venture of Brandix signed an agreement with the BOI. The initial investment is worth U$ 1.06 Mn. This new project aims to provide a much-demanded, technology-driven manufacture of glue-bonded garments. Looking at today’s technical outerwear, performance
Doing Business Ecosystem is Gaining Momentum, Positive country Image will enhance FDI attraction The Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, visited the BOI and conducted the first meeting with senior management. At the outset, the minister appreciated the BOI staff for their contribution to servicing existing BOI companies during the economic meltdown,
EU Ambassador meets new BOI Chairman. HeCarmen Moreno, Ambassador of the European Union to Sri Lanka, called on newly appointed BOI Chairman, Arjuna Herath and Director General Renuka M. Weerakone to further deepen the economic relationship between the EU and Sri Lanka. The EU is one of Sri Lanka’s primary markets for exports and tourism
EU Ambassador meets new BOI Chairman. Read More »
Transdigm Group, an American Leading Aerospace, boosted its investments by investing $8.5 million with the BOI. AmSafe Bridport is a subsidiary of Transdigm Company (a $6.6B company that employs over 16,000 people globally and listed on New York Stock Exchange ). Established in 2001 as an engineering solution provider to global airlines and aircraft builders
 The Bentota Celestia Ayurveda Resort, with an investment of Rs. 2.8 billion, launched in collaboration with the BOI. The Bentota Celestia Ayurveda resort, the latest addition to Sri Lanka’s tourism industry, boasts an investment of Rs. 28 billion and spans over 6 acres of land, housing 65 luxurious rooms, five of which are villas. The
