Sri Lanka eyes USD2.5 billion FDIs, USD13.5 billion exports in 2020

COLOMBO (Xinhua) – The Sri Lankan government is eyeing USD2.5 billion in Foreign Direct Investments (FDIs) in 2020 and exports of USD13.5 billion, following improved policy stability, business confidence, tax cuts and a wide-ranging stimulus package, Industrial Export and Investment Promotion Minister Prasanna Ranatunga said yesterday.

Ranatunga said that while the final data for FDI and export performance for 2019 are still awaited, the 2020 targets suggest expectations of growth, higher than what has been seen in the preceding years.

“We are confident of increasing both exports and foreign investments,” Ranatunga said.