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Saturday, 09 June 2012 - 12:35
Sri Lanka's 2012 foreign investment target to dip to $1.7 bn
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Sri Lanka’s main investment promotion board is targeting 1.7 billion dollars of investments this year, lower than 2 billion dollars projected by the central bank.

Sri Lanka attracted a record 1 billion dollars in investments last year, mainly from new hotel constructions.

Approximately 322 million dollars of the 1.0 billion dollars secured in 2011, was invested in manufacturing, which represented a 101 percent increase over a year earlier.

The bulk of the investment was in services and infrastructure, which increased 107 percent on the previous year to 706 million dollars.

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