At meeting with BoI Chairman: Directors call for immediate solutions

By Mario Andree | Published: 2:00 AM Nov 27 2021

By Mario Andree

The Executive and Zone Directors of the Board of Investment (BoI), during a meeting with the Chairman Sanjay Mohottala, have called for immediate remedies to resolve matters they were against.

According to information received by Ceylon FT, the Executive and Zone Directors have demanded the removal of the nine recent recruits from the organisation and wanted the already existing vacancies within the organisation filled for smooth operation.

Highlighting that there was no clear vision, the Directors and Unions have demanded for a clear foreign direct investment (FDI) strategy and guidelines to operate within.

Further, they have demanded their benefits be reinstated. Ceylon FT learnt that a petition against several activities at the BoI has been drafted by the BoI staff and it is expected to be submitted to President Gotabaya Rajapaksa shortly, if the matters of concern are not addressed. They urged the relevant authorities to take necessary action, to resolve the matters urgently, with the unions threatening to go on strike.

Such a BoI union strike can be devastating for Sri Lanka, as it would create a negative notion among foreign investors.

Dept Heads should safeguard and enhance BoI’s good name – Chairman

The Chairman of the Board of Investment stressed that the Heads of Department should always act in a manner that safeguards and enhances the good name and reputation of the BoI, a statement from the BoI, released yesterday, said.  

The Statement reads:

“The Chairman and Director-General met with Heads of Department and received their views on the recently appointed special unit that was approved by the Cabinet and set up to further the government’s vision of doubling GDP over a decade, by competing internationally to strategically attract much needed FDI and global corporates into the country. 

 The Heads of Department expressed the view that this unit ought to be moved out of the BoI, which view will also be shared with the Presidential Secretariat so that it may be factored in the deliberations on the way forward. 

 The Chairman also emphasised that as the most senior members of the management and Heads of Department should always act in a manner that safeguards and enhances the good name and reputation of the BoI so that the organisation remains focussed on achieving its primary and collective aim of building and reinforcing investor confidence.”

By Mario Andree | Published: 2:00 AM Nov 27 2021

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