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Sri Lanka’s Colombo West International Terminal (CWIT), which has an investment by Adani International Port Holdings Pte Ltd (India), was the largest contributor to the island nation’s Foreign Direct Investment (FDI) inflows during the first nine months of 2025, said Board of Investment (BOI) on Tuesday.

The CWIT invested USD 229 million in “state-of-the-art port infrastructure under a strategic development agreement”, said BOI, adding that “Foreign Direct Investment inflows, including foreign commercial loans for investments to BOI-approved enterprises have reached USD 827 million during the period January to September 2025, marking a remarkable 138 per cent increase compared to the corresponding value during the period in 2024”.

Besides investment from Adani International Port Holdings Pte Ltd (India), the CWIT is an investment from John Keells Holdings PLC, in partnership with the Sri Lanka Ports Authority.

It will further expand the port’s capacity by 3.2 million twenty-foot equivalent units (TEUs), reinforcing Colombo’s role as a key transshipment hub in South Asia, the BOI added.  

 

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Giving a breakdown, the BOI said the investment inflow came from four sources: equity capital – USD 133 million, reinvested retained earnings – USD 132 million, intra-company foreign borrowings for investments – USD 231 million, long term foreign commercial loans for investments – USD 331 million.

Of the total inflows, USD 124 million was secured through project agreements signed with the BOI in 2025, while the balance was generated from reinvestments and expansions by existing enterprises.

“The growth of foreign capital inflows to USD 827 million in the first nine months of 2025 demonstrates the renewed confidence investors have in Sri Lanka’s business environment,” said board chair, Arjuna Herath.

“Both new and existing projects have contributed to this impressive performance, underscoring the impact of reforms and ease of doing business initiatives implemented by the Government and the BOI,” he added.