fdi and technology growth in sri lanka vijaya kumar chairman cstd university of peradeniya 1977 promotion annual averages for five year periods 1975 1979 us 9 5 m 1980 1984 45 2 1985 1989 37 4 1990 1994 106 1995 1999 208 g wignarajah commonwealth secretariat conference 2001 powerful agency board investment four week approval attractive incentives 20 tax holiday duty free imported inputs repatriation profits capital 1998 indo trade agreement phased tariff reduction 35 local origin negative lists nature 1987 1992 16 high skill 27 manufactured exports 3 68 textiles garments 79 7 foreign firms portfolio equity flows low good bad ugly attracted 2000 average mean 166 65 1996 133 1997 435 206 202 boost due to privatization 300 from telecom airline part sale excluding below 200m affected by