Financial Times

Lanka's high literacy rate attracts investment

The high literacy rate and education level in the country has attracted Sri Lanka a US$ 30 million investment from Japan, according to Board of Investment (BOI) officials.

"Okaya Lanka, a Japanese firm has decided to invest in Sri Lanka because our literacy and education rates are very high," Dhammika Perera, Chairman BOI said at a recent media conference. Ritsuo Maruyama, Board Chairman Okaya Lanka confirmed this saying that capacity in the company's factory in China is not enough which made them venture to Sri Lanka.

Mr. Perera noted that US$ 425 million foreign direct investment has been secured during the last six months and the BOI is on target to bring in US$850 million more by end 2008.

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