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Boi Gen Presentation 2007 March
 

Boi Gen Presentation 2007 March

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    Boi Gen Presentation 2007 March Boi Gen Presentation 2007 March Presentation Transcript

    • Investment Opportunities in Sri Lanka Chairman/Director General Board of Investment of Sri Lanka
    • Why Invest in Sri Lanka?
      • Locational Advantage
      • Investment Climate
      • Good Infrastructure
      • Skilled and Literate Human Resources
      • Attractive Fiscal Incentives
      • Preferential Market Access
          • Indo Lanka Free Trade Agreement
          • Sri Lanka Pakistan Free Trade Agreement
          • GSP +
      • Area - 65,610 sq km.
      • Population - 19.6 Million
      • Work Force - 8.1 Million
      • Literacy Rate - 92%
      • Languages - Sinhala, Tamil, English
      • Business Language - English
      • Education - British based education system.
      Sri Lanka Some Socio-Economic Statistics
    • Economic Indicators Source : World Development Report 2005, Sri Lanka Socio-Economic Data 2005, Central Bank of Sri Lanka 2006 * World Development Indicators Database, World Bank, August 2005 ** For 2006 4.7 4.9 8.4 10.3 7.4 2006 (a) 5.7 2.8 8.7 9.9 6.0 2005 5.2 5.8 4.9 4.5 Foreign reserves (months of imports) 3.2 0.4 1.4 1.4 Curr. Ac. Balance Deficit (% of GDP) 8.2 8.8 8.9 10.8 Budget Deficit (% of GDP) 9.3 5.0 8.4 12.4 Inflation % 5.4 6.0 4.0 -1.5 GDP growth % 2004 2003 2002 2001 92 10.3 7.4 1,350 Sri Lanka ** 59.5 4.6 7.6 714 India 48.7 2.9 6.9 770 Pak. 43.1 6.7 5.7 403 Bangladesh 44 5.7 3.7 260 Nepal 4. Literacy % 3. Inflation % (Year 2005) 2. GDP Growth % (Year 2005) * 1. GNP per capita (US$) * (Year 2005) Indicator
    • Our Business Environment
      • Total Foreign Ownership
      • No restrictions on Repatriation of Earnings
      • Safety of Foreign Investments Guaranteed by the Constitution
      • Commercial Law is based on the British Laws
    • Our Business Environment (contd….)
      • UK
      • Japan
      • India
      • Indonesia
      • Iran
      • Malaysia
      • Pakistan
      • Thailand
      • Korea
      • Australia
      • USA
      • Singapore
      • China
      • Canada
      • France
      • Germany…… etc.
      Investment Protection (over 20 Countries)
    • Our Business Environment (contd….) Double Taxation Relief (over 30 countries)
      • India
      • Japan
      • United Kingdom
      • UAE
      • United States
      • China
      • Korea
      • Iran
      • Malaysia
      • Pakistan
      • Saudi Arabia
      • Singapore
      • Thailand
      • Canada
      • France
      • Germany….etc.
    • Special Tariff Preferences for Sri Lankan products
      • Indo-Lanka FTA - 4,232 products (zero duty)
      • Sri Lanka-Pakistan FTA - 206 products (zero duty)
              • 4,480 products – 20% immediate
              • duty preference
              • (phasing out to zero duty in 3 yrs)
      • EU GSP + - 7,200 products (zero duty)
    • Sri Lanka – India FTA  1 – Garments (235) – in the Negative list  2 – Tea (5) – not in the Negative list Summary of Commitments 553 - 25% Fixed Concession (Textile)  1 235  2 05 - (Tariff Rate Quota) India Sri Lanka 5,224 - 4,233 433 5,224
          • Total
      2,779 Phasing out list (Duty free in year 2008) 1,225 100% Tariff Concession (immediate zero duty) 1,220 No concessions (Negative List) No. of Items (at H.S.6 digit level)
        • Category
        • (Type of concession)
    • Sri Lanka – Pakistan FTA  1 – Basmati & Potatoes  2 – Tea (4), Beatle leaves (1), Garments (21), Ceramic (5) Summary of Commitments  2 (31)  1 (02) (Tariff Rate Quota/Margin of Preferences) Pakistan Sri Lanka 5,224 4,481 206 537 5,224
          • Total
      4,425 Phasing out list (Duty free in 3 or 5 years) 102 100% Tariff Concession (immediate zero duty) 697 No concessions (Negative List) No.of Items (at H.S.6 digit level)
        • Category
        • (Type of concession)
    • Rules Of Origin Criteria - ISLFTA & SLPFTA
      • Wholly produced/obtained products (both Agreements)
      • Non-wholly produced/obtained products
        • 35% domestic value addition of FOB value (both Agreements)
          • (Cumulative ROO : 25% + 10%)
        • H.S. Code Transformation
          • ISLFTA – at 4-digit level
          • SLPFTA – at 6-digit level
        • Sufficient Process (both Agreements)
    • The EU Generalized System of Preferences Effective Date : GSP + -1 st July 2005 (Provisional) New GSP System – 1 st Jan 2006 Types of system : General Arrangement : GSP + Scheme for Specially vulnerable countries with special development needs : Special arrangement for LDC’s Product coverage : Total - 7200 (3600 NS + 3600 S) : All 7200 products will be eligible for duty free access under GSP+ scheme : No quantitative Limitations The EU system of extending preferential access to its markets to developing countries. New GSP System
    • Our Infrastructure
      • COLOMBO PORT
      • World Port Ranking
      • No. 1 in South Asia
      • Within Top Ten in the Region
      • 37 th among the World container ports
      (Source: Containerisation International Yearbook 2005) COLOMBO AIRPORT Brand new US$ 100 Mn investment facility opened this year BOOMING TELECOM INDUSTRY NEW ROAD NETWORKS
      • 2006 Total Container throughput TEU’s * – 2.5 Mn
      • 2005 Transshipment TEU’s – 1.6 Million
      • Throughput growth - over 20% (1996-2004)
      • Transshipment Cargo - 66%
      • 33 Major Shipping Lines
      • 14 Feeder Services
      • Operations fully computerized and linked to all major Freight Stations
      Colombo Port …. *Twenty foot Equivalent Unit SLPA SAGT
    • Colombo South Port Expansion Projected Cost US$ 1 Bn Projected Capacity 4 Mn TEU (12 New Berths) Projected Area 600 Hectares
    • Colombo Port (contd….)
      • India & the Subcontinent
      • Port Transit Time
      • Chennai - 2 Days
      • Kolkatta - 2 Days
      • Cochin - 15 Hrs
      • Mumbai - 4 Days
      • Tuticorin - 8 Hrs
      • Karachi - 3 Days
      • Port Transit Time
      • Japan
        • Yokohama - 9 Days
      • Australia
        • Sydney - 11 Days
      • Europe
        • Amsterdam - 18 Days
      • Middle-East
        • Bahrain/UAE - 5 Days
      • UK
        • Felixstowe - 14 days
      • USA
        • New York - 21 Days
      • Singapore - 3 Days
      • Malaysia
        • Port Kelang - 3 days
      • South Korea
        • Pusan - 16 Days
      • Middle-East
        • Bahrain/UAE - 5 Days
        • Egypt - Alexandria - 18 Days
      • City Flights Per Week
      • Singapore   26
      • Dubai   25
      • Bangkok 15
      • Kuala Lumpur 13
      • London   12
      • Hongkong   11
      • Zurich   5
      • Paris   4
      • Tokyo   3
      • Frankfurt   3
      • Munich   3    
      • Beijing   3
      Colombo Airport We Fly Direct India (All Cities) over 106 per week Colombo Airport Expansion Passenger Movement 5 Mn / Annum Cargo Movement 250,000 tons / Annum Aircraft Parking apron Cpacity 25 Stands New Airport in Weerawila In the Southern Region
          • International Operators
            • NTT Japan
            • Telia AB Sweden
            • Nortel of Canada
            • Hutchison Whampoa HK
            • Telekom Malaysia
            • SARC Corporation NV Netherlands
            • VSNL
            • Millicom
            • Celltel
            • Singapore Telecom
      Information & Communications Technology (ICT) Projected Investment 2006 – US $ 300 Million (Mobile, Fixed Line, CDMA, Wireless & Payphones)
    • Information & Communications Technology (ICT) (contd….) Growth in Telecommunications, 1995-2006 June Source: Telecommunications Regulatory Commission of Sri Lanka Fastest Growing Sector
    • Existing Zones 12 Fully Operational Zones with all infrastructure facilities administered by the BOI
    • New Zones for Public/Private Partnership Development
      • Other Potential Sites for Zones
      • 12 Acre Katunayake Offshore Shopping Complex & Airport related BPO
      • Pelmadulla Gem & Jewelry Zone – Ratnapura (50 acres)
      • Trincomalee Industrial zone at Kappalthurai (750 acres)
      • Puttalam Industrial Zone for Chemical industries
      • (278 acres)
      • Tourism Development Zones at Kalpitiya & Arugam Bay
      • Textile Zone at Horana (220 Acres)
      • Special Economic Zone at Godagama – Matara
      • (700 acres)
      • EPZ at Dambulla (600 acres)
      • Educational, IT & BPO hub at Henagama – Biyagama (120 Acres)
      Godagama (Matara) Bata-atha Biyagama Puttalam Establishment of Industrial Estates Incentives Investment US$ 1,000,000 03 years Investment US$ 5,000,000 08 years Investment US$ 25,000,000 10 years Investment US$ 50,000,000 12 years Investment US$ 75,000,000 15 years Our First Private SectorTextile Zone has been established at Thulhiriya
      • Thulhiriya
      • Jaffna
      Ratnapura
      • Polonnaruwa
      • Dambulla
    • The Board of Investment of Sri Lanka
        • Under the purview of the Ministry of Enterprises Development and Investment Promotion.
        • Principal agency for Promoting, Approving and Facilitating Foreign Direct Investment (FDI) in to Sri Lanka
        • Central facilitation point for investors – One-Stop-Shop
        • A BOI Agreement is valid for the lifetime of the project
      Your Single Window
    • BOI Incentives
      • Power Generation, Transmission and Distribution, Petroleum & Petroleum Products
      • Textile & Fabric Manufacture, Printing, Dying, Washing & Finishing (deemed exports)
      • Development of Highways, Ports, Airports, Public Transport and Water services
      • Establishment of Industrial Estates
            • Min. Investment US$ 1,000,000 - 3 Years
            • Min. Investment US$ 5,000,000 - 5 Years
            • Min. Investment US$ 25,000,000 - 10 Years
            • Min. Investment US$ 50,000,000 - 12 Years
            • Min. Investment US$ 75,000,000 - 15 Years
      5 to 15 Year Tax Holiday
    • BOI Incentives (contd….)
      • Export Oriented Manufacturing
      • Export Oriented Services
      • Advanced Technology / Pioneering industries
      • Regional Operating Head Quarters
      • Tourism / Leisure
      • Agriculture
      • Research and Development
      • Construction of Houses / Hospitals
      • Small Scale Power Generation
      • Other small scale infrastructure
      3 - 5 Year Tax Holiday
      • Regional Head Quarters
      BOI Incentives (contd….) 3 Year Tax Holiday
      • BPO Industry
      3 to 12 Year Tax Holiday 5 to 12 Year Tax Holiday
      • IT & IT enabled services (domestic market)
      • Training Institutes
      3 to 12 Year Tax Holiday
    • BOI Incentives (Contd….)
      • Export Oriented Manufacturing
      • Export Oriented Services
      • Small Scale Infrastructure
      • Large Scale Infrastructure
      • IT Enabled Services
      • Regional Operating Head Quarters
      • Agriculture
      • Research and Development
      Duty Free Imports On Capital Goods & Raw materials Only on Capital Goods Exemption from Exchange Control Applicable to companies that export goods and services and/ or receive earnings in foreign exchange
    • Leading Global Outsourcing in Sri Lanka
    • Leading Global Investments in Sri Lanka
    • www .boi.lk Thank You The BOI stands committed to facilitating your investment in Sri Lanka