In a major boost to Sri Lanka’s global profile, the World Bank’s Investment Climate Advisory Service has ranked BOI as ‘the best in South Asia’ for investor promotion and facilitation. In the latest issue of Global Investment Promotion Benchmarking 2009, the BOI has been described as the only ‘Good’ performing Investment Promotion Intermediary (IPI) in South Asia. Sri Lanka, the most improved IPI in South Asia increased its score in 2008 by 29 points, due to a better website offers detailed, reliable, and current data.
The World Bank’s Investment Climate Advisory Service ranks the (BOI), as the best in South Asia for investor promotion and facilitation, BOI Chairman Mr. Dhammika Perera told the media at the Government Information Department. Enterprise Development and Investment Promotion Minister Hon. Anura Priyadarshana Yapa speaking at the press briefing said that Sri Lanka provides maximum facilities for the investment.
BOI having received a score of 64 out of 100 has shown a remarkable progress out of 181 countries. An overjoyed BOI Chairman and Director General said that the WB-IFC ranking is a testimony to the various improvements made in recent years for investor facilitation. The Global Investment Promotion Benchmarking 2009 report, surveys the performance of national and sub-national IPIs in 181 countries, presenting one of the most comprehensive benchmarking tools ever. The report assesses the effectiveness of intermediaries’ facilitation services to assist a potential foreign investor.
Formed in the year 2000, EFutures Pvt. Limited handles offshore software projects and also boasts an impressive portfolio in the local software industry. The company has expanded their operations by obtaining software development projects from leading local and international companies. In addition to the BOI, EFutures provides software and web solutions for high profile clients, such as Colombo Stock Exchange, Hatton National Bank, LOLC Group, National Savings Bank, People’s Bank, Seylan Bank, Central Environmental Authority, Export Development Board, Sri Lanka Ports Authority, ICT Agency of Sri Lanka and John Keells Holdings.