FDI and Innovation Development in Sri Lanka.


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FDI and Innovation Development in Sri Lanka Vijaya Kumar Executive, CSTD College of Peradeniya, Sri Lanka Sri Lanka and FDI 1977 – Advancement of FDI Yearly midpoints for five year periods: 1975-1979 – US $ 9.5 m 1980-1984 – US $ 45.2 m 1985-1989 – US $ 37.4 m 1990-1994 – US $ 106.2 m
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Slide 1

FDI and Technology Growth in Sri Lanka Vijaya Kumar Chairman, CSTD University of Peradeniya, Sri Lanka

Slide 2

Sri Lanka and FDI 1977 – Promotion of FDI Annual midpoints for five year periods: 1975-1979 – US $ 9.5 m 1980-1984 – US $ 45.2 m 1985-1989 – US $ 37.4 m 1990-1994 – US $ 106.2 m 1995-1999 – US $ 208.2 m G. Wignarajah, Commonwealth Secretariat FDI Conference, 2001

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FDI Promotion Powerful office – Board of Investment Four week FDI endorsement Attractive venture motivators 5-20 year assessment occasion Duty free transported in inputs Free repatriation of benefits and capital 1998 – Indo-Lanka Free Trade Agreement Phased levy diminishment, 35% neighborhood root Negative records

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Nature of FDI 1987-1992 16 % High aptitude 1995-1998 27.5 % High ability Manufactured fares 1998 $ 3.5 m 68.2% Textiles and pieces of clothing 79.7% of outside firms in materials and articles of clothing Portfolio value streams low Good, Bad and terrible FDI pulled in

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1994-2000 1994 – 2000 normal of $ 208 mean of: 1994 - $ 166 m, 1995-$ 65 m, 1996-$ 133 m 1997-$ 435 m, 1998 - $ 206 m, 1999 - $ 202 m Boost in 1997 because of privatization $ 300 m from Telecom/Airline part deal FDI barring privatization beneath $200m Affected by struggle in the North

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Privatization Terms regularly disadvantageous Less than half possession yet 100% administration control Monopoly showcasing assentions Five year imposing business model – Gas, Lubricating Oils On abroad calls – Sri Lanka Telecom No free market, cost builds Access to nation quantities - articles of clothing

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FDI in innovation and industry Telecommunications Some FDI in Information Technology Power Generation and Marketing Shell ($ 20 m stockpiling), AES for nearby market Sri Lankan Airlines Emirates – Inputs from Dubai Cement, Flour processing for nearby market

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Telecommunication Sector Most speculations through FDI Land line syndication – minority holding Large extension/modernization of systems Call rates stay high Two Wireless circle administrators - FDI, neighborhood accomplices Four cellular telephone administrators – Mainly FDI Originally took into account area line deficits Mobile telephone society

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Information Technology Sector Hardware – one endeavor making memory chips Indian claimed US firm with Sri Lankan inclusion Software – FDI low, outsourcing Partnerships with remote firms Swedish, British, US association Software preparing Branches of outside, for the most part Indian or Far East firms Lacunae in neighborhood training Usually no

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