BOI gearing to unblock state land for investment

The Board of Investment (BOI), under its new chairman Jayampathi Bandaranayake, plans to cut the red-tape investors face when trying to procure state land for their investments.

He said that now many ministries are clubbed together in a meaningful manner and that BOI together with relevant agencies is looking at how to harmonise their functions. “We are focussed on the same vision and we will operationalise it, because the issues with land will retard what is essentially possible,” he added. “The biggest issue (that investors face when trying to invest) is trying to secure land. We’re trying to see how to unblock state land,” he told the Business Times on the sidelines of his first press conference on Wednesday.

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Source: Sunday Times