Record Investment Commitments of Over Rs 250 Billion in FY 2023/24

The Department of Industry (DoI) has confirmed investment commitments totaling more than Rs 250 billion within the first 11 months of the current fiscal year (FY 2023/24). During this period, 383 industries have been registered, including 49 large industries, 50 medium industries, and 284 small industries.

According to data released by the DoI on Wednesday, these newly registered industries have attracted investment commitments amounting to Rs 200.17 billion.

From mid-May to mid-June alone, 59 industries were registered, garnering investment commitments worth Rs 32.20 billion. This surge in registrations follows an investment summit held by the government on April 28-29, aimed at boosting domestic and foreign investments. The summit had a significant positive impact, leading to the registration of nine large industries within the following month.

Furthermore, the DoI approved Foreign Direct Investment (FDI) for 355 companies this year. The registered industries and the approved domestic investments are expected to create employment for 26,027 people, while the industries with foreign investment are anticipated to generate jobs for 17,642 people.

The DoI’s data also highlights other activities during this period, including the registration of two patents, 5,494 trademarks, 45 initial environmental assessments, and 89 trademark-related lawsuits.


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