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LankaTalks
Apr 08 2026
73A high-level delegation from the Malaysian Indian Chambers of Commerce and Industry, Penang (MICCI), visited the Sri Lanka Board of Investment (BOI) recently to explore potential foreign direct investment (FDI) opportunities across multiple sectors.
The 15-member team, led by MICCI President Dato’ S. Parthiban, represented a diverse cross-section of industries including ICT, banking, agriculture, manufacturing, healthcare, waste management, semi-conductors, hospitality and biotechnology.
The visit was organised by the BOI as part of its ongoing efforts to promote Sri Lanka as an attractive investment destination among leading Malaysian enterprises.
During the full-day FDI promotion session, Senior BOI officials, headed by Director General Renuka M. Weerakone, presented a comprehensive overview of the country’s investment climate, highlighting key opportunities and ready-to-invest projects. Representatives from several key government institutions, including the Export Development Board, Urban Development Authority, Sri Lanka Sustainable Energy Authority, Department of Commerce and the Colombo Port City Economic Commission participated.
The sessions showcased Sri Lanka’s preparedness to attract foreign investments by outlining available infrastructure, policy support and sector-specific opportunities. Officials emphasised the country’s strategic positioning, growing digital economy and export potential, while also promoting its lifestyle appeal for investors.
Presidential Advisor on Digital Economy Dr. Hans Wijesuriya highlighted Sri Lanka’s ambition to become a leader in Industry through its national digital transformation agenda. GovTech Sri Lanka elaborated on efforts to enhance ease of doing business through digitalisation, while the Export Development Board underscored the global potential of ‘Made in Sri Lanka’ products.
Urban Development Authorities presented investment prospects in real estate, tourism and mixed-use developments, particularly in Colombo, while also outlining land availability across the island for various sectors.
The Malaysian delegation expressed strong interest in renewable energy, particularly solar power solutions, as well as ICT infrastructure development, including data centres, cybersecurity and software services. Opportunities in sustainable industries such as recycling and waste management also drew attention, alongside manufacturing, aviation services and agri-processing sectors, including spice-based and Halal-certified products.
On the second day of the visit, the delegation engaged with the Malaysian Business Council in Colombo and toured the Katunayake Export Processing Zone, including a factory visit, to gain firsthand insights into Sri Lanka’s industrial landscape.
The visit is expected to strengthen bilateral investment ties, enhance sectoral awareness and pave the way for future collaborations between Sri Lanka and Malaysia.
Source: Daily News
