Established in 1978, under the name Greater Colombo Economic Commission, the Board of Investment of Sri Lanka is one of the foremost investment promotion agencies in South Asia. As the apex agency for foreign direct investment in Sri Lanka, there are over 1,600 enterprises under the purview of BOI in the span of its 40 years in operation. In carrying out its primary function of investment promotion, the BOI aims at sector based investor targeting, while specializing in aftercare, navigating and regulating investor operations to reach its true and highest potential throughout the lifespan of the enterprise.