The Board of Investment (BOI) is holding a mega 3-day investment conference next month for about 15 multinational fund manager and equity firms, in a move to promote Sri Lanka as an investment destination, BOI sources said.
“We will be holding this conference from September 20-22 and it will be one of the massive investment promotion drives of the BOI for this year,” a BOI official told the Business Times.
He said that some of the firms slated to come are Actis, Apollo Management LLP, Cordiant Capital, Carlyle Group, General Atlantic, T A Associates, Silverlake, etc. He also said that the US$ 2.4 billion steel plant which Sri Lanka was slated to start by some Australian investors will be promoted at this event. The Australian venture did not go through ‘due to bureaucratic bungling’, according to the official.
“This plant will most probably be set up at the proposed Heavy Industry Zone in Trincomalee (by the investor who’s willing to take it up),” he added. |
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