Justice Minister suggests BOI shutdown……….News Item
Posted on July 27th, 2017
Dr Sarath Obeysekera
BOI is supposed to be one stop shop for investors .People pay money to get registered as a BOI company and keep paying annual fee for it’s upkeep .BOI is also top-heavy agency occupying prime location in the World Trade Centre.
.During JR ‘s time when it was started it was doing a yeoman service to the country by promoting investments and then facilitating speedy approvals .During R Premadasa’s time all Garment Factories were built under BOI flag and investment was booming.
Can anyone identify a single Industry started during the last few years? Highly paid officers globetrotting ,spending public money holding road shows ,do not contribute to the development .
As suggested ,BOI should be fully shutdown and form an agency under the President and call it the Investment Support Agency . so that HE the President can personally monitor investments like R Premadasa