Sri Lanka Plans Investment Surge in 2025 - Minister

COLOMBO (News 1st) - Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe said that plans are underway to attract a substantial influx of investment into the country in 2025.

"We recently saw how our energy sector is being fully privatized, with many companies entering to distribute oil within our small economy. The people are well aware of the benefits that these investments will bring to the country. We welcome investments from anyone who comes here, refines oil, and exports it. However, we already have domestic and state-owned institutions capable of investing here and bringing oil to our country for distribution. Therefore, we don't believe that such a level of competition is necessary," said Minister Abeysinghe.

He also noted that so far, no investors have left the value-added manufacturing industry in the country, adding, "This is why I am telling the opposition that what we are preparing to do is something they have not done. The country is ready for investments."

He added that under the President's leadership and clear vision, all investments that were previously halted by India, the Middle East, China, and especially Japan, have already been resumed.

The Minister expressed confidence that Sri Lanka is poised to record a massive increase in investment in 2025 compared to past years.