The Hon. (Dr.) Harini Amarasuriya - Prime Minister and Minister of Education, Higher Education and Vocational Education
Prime Minister Harini Amarasuriya responded to questions raised by Hon. D.V. Chanaka on Sri Lanka’s foreign direct investment, providing annual FDI figures from 2005 to May 2025 and noting that detailed sector-wise data had been placed in the Library. She stated that Supreme Sat entered into a BOI agreement in 2012, invested Rs. 12,104.936 million in 2013/14 for a communications satellite initiative, and that no Government funds were invested according to the application. She also outlined the project’s BOI status, ownership structure as of 2019, commencement of commercial operations in 2015, and reported revenues accruing to Sri Lanka from 2015/16 to the first half of 2023.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Speaker, the answers to the questions raised by Hon. D.V. Chanaka on 2025.07.09 are as follows.
¶ 02 (a) The annual Foreign Direct Investment received by Sri Lanka from 2005 up to May 2025 is as follows (USD million): - 2005: 287 - 2006: 604 - 2007: 734 - 2008: 889 - 2009: 601 - 2010: 516 - 2011: 1,066 - 2012: 1,338 - 2013: 1,391 - 2014: 1,616 - 2015: 970 - 2016: 801 - 2017: 1,710 - 2018: 2,367 - 2019: 1,189 - 2020: 687 - 2021: 780 - 2022: 1,076 - 2023: 737 - 2024: 614 - 2025 up to May: 232 Total: 20,205
¶ 03 Hon. Speaker, detailed data is provided in Annex 01 and has been placed in the Library.
¶ 04 (b) With regard to sector-wise FDI details, I will not read all the disaggregated information. The details are in Annex 01, which is placed in the Library.
¶ 05 (c) Regarding the amount reportedly invested for a communications satellite by Supreme Sat, affiliated with Supreme Global Holdings, the response is as follows: - Supreme Sat entered into an agreement with the Board of Investment on 23 May 2012. - During 2013/14, the company invested LKR 12,104.936 million towards the communications satellite initiative. - As per the investment application, no Government of Sri Lanka funds were invested in this project. - Under Section 17 of the BOI Law, it was an investment focused on the domestic market. The project envisaged establishing and operating a satellite facility in the Kandy industrial zone with an investment of LKR 1,828 million to provide telecommunication and broadcasting services to customers. The agreement was signed on 23.05.2012 with Supreme SAT (Pvt) Ltd and commercial operations commenced on 27.08.2015. - As of 2019, the company’s shareholding structure was: - Supreme SL Investments (Pvt) Ltd – 47,180,200 shares (20%) - Supreme Global Holdings (Pvt) Ltd – 188,344,970 shares (80%)
¶ 06 (d) According to BOI records, the following revenues (LKR million) have accrued to Sri Lanka from Supreme Sat: - 2015/2016: 19,617 - 2016/2017: 28,133 - 2017/2018: 29,106 - 2018/2019: 34,169 - 2019/2020: 42,960 - 2020/2021: 62,545 - 2023 - 1st Half: 39,590
¶ 07 Hon. Speaker, these answers are compiled based on available charts and data.
Provenance
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- Hansard, Wednesday, 6 August 2025 ·No. 1755159820030645 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Harini Amarasuriya - Prime Minister and Minister of Education, Higher Education and Vocational Education. 10th Parliament, Parliament of Sri Lanka. Hansard, 6 August 2025. No. 1755159820030645. Politick, https://staging.politick.io/lk/speeches/17111