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Sri Lanka’s FDI surprise

Foreign direct investment in Sri Lanka dropped in 2010, despite the end of the war in May 2009, Reuters reported last month.


Despite approval of 268 projects worth $2.5 billion, only about a third were started, the Board of Investment's (BOI) said.

FDI to September was $310m, compared to $350m in the same period in 2009.

Despite severe fighting, 2008 was a record year with $889m. 2009’s total was $602m.

The top five investing countries in 2010 were India, Malaysia, Britain, China and Mauritius.

Sri Lanka is seeking $1bn FDI in 2011, $1.5bn in 2012 and $2bn in 2013.