BOI enterprises generate more jobs
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Workers in a BOI enterprise |
One of the major contributions that the Board of Investment of Sri
Lanka has made to the national economy since it was set up in 1978 is
the creation of employment opportunities. These have boosted the
standards of living of the masses and transferred technology and
know-how into the local economy.
A total of 458,868 people were directly employed by enterprises
operating under the BOI as at the end of September 2008. In addition to
this number another estimated 2.5 million are indirectly employed. Of
those directly employed the vast majority are women, totaling 283,991
(62%) while men account for 173,877 (38%).
The textiles, wearing apparel and leather industries employ a total
of 299,300 that represents 65% of all workers employed by BOI
enterprises.
This is followed by the service sector with 68,168 (15%),
manufactured products employing 30,724 (7%) and the chemical, petroleum,
rubber and plastic sectors employing 26,766 (6%).
The leading employers among BOI enterprises are engaged in the
garment industry and /or related activities such high fashion and
include the Brandix Group, Loadstar, MAS Holdings Group, Eam Maliban
Group and other well-known establishments. These enterprises manufacture
for the American and European Union markets.
There are altogether 2,492 existing enterprises operating under the
BOI regime. These include 1,702 Section 17 enterprises.
Such enterprises benefit from the advantages of the BOI law while
another 790 Section 16 companies operate under the normal laws. |
