The Board of Investment (BOI) of Sri Lanka plans to launch a fully automated digital platform to streamline investment processes for local and foreign investors, announced Director General Renuka Weerakone.

This platform will simplify obtaining approvals, reducing delays that currently discourage investors. The first phase focuses on introducing the system, while the second phase will integrate key government institutions like the Road Development Authority and Environmental Authority.

Investors will soon be able to apply online globally, monitor progress in real-time, and use online payment methods. Approvals for Free Trade Zone (FTZ) projects are expected to be issued within a month.