BOI’s IT department further enables a better investor experience by continuing its digitization process

The Central Verification Division of the Board of Investment of Sri Lanka, located in Orugodawatte, will digitize many functions, including issuing gate passes, starting today (10th, January). Accordingly, the Board of Investment of Sri Lanka expects this program to provide an efficient service with minimal human intervention, eliminating the need for paper and enhancing the transparency of the system.

The new program will automate the previously manual collection of import and export document fees, automate the collection of verification fees, and launch an export verification management system with digitized gate passes, including QR codes.

This will provide electronic payment facilities, 24-hour full-time service, transparency, reduction of human resources, and cost savings.

In 1993, the establishment of industries throughout the island outside the investment zones led to the creation of the Central Verification Division in Orugodawatte. This institution, in collaboration with Sri Lanka Customs, carries out import and export clearances for industries and services.

Every day, a significant number of BOI enterprise representatives visit this institution to seek its services, and until now, they have relied on an outdated system for filling out forms and issuing licenses. Under the new system, all these systems are expected to be innovated, and all tasks, including granting relevant approvals through a digital system with digital identification, are expected to be completed. The issuance of digital gate permits commenced today as the initial step of this program. The adoption of the digitation of the BOI investor experience will act as an enabler to attract more FDI, and it will be a good launching pad for attracting much-needed digital FDIs to the country.

Mr. Arjuna Herath, the Chairman of the Board of Investment of Sri Lanka, speaking at the event, stated that industries under the Board of Investment of Sri Lanka earn 80% of the country's industrial export revenue, for which they provide all necessary infrastructure facilities. Further Arjuna Herath said that the Information Technology Department of the Board of Investment of Sri Lanka appreciates the introduction of this digital system and intends to utilize new technology for all sectors.

The Director General of the B