Sri Lanka is expecting a Foreign Direct Investment (FDI) from India to the tune of USD 100-million by end-December.

"We are targeting FDI worth USD 1,000-million by the end of this year (2009) and India's contribution this year is expected to be around USD 100-million," The Minister of Investment Promotion, Navin Dissanayake, said in Mumbai at a meeting with Indian investors.

In 2008, Sri Lanka attracted a total FDI of USD 889-million out of which India's contribution was USD 126-million, he said.

"Last year, out of the USD 126-million FDI which came from India, a major share of around USD 100-million came from Bharti Airtel," Dissanayake said.

India's largest mobile operator, Bharti Airtel, has started its mobile services in Sri Lanka under the Airtel brand. The company has announced a total investment of USD 200-million till 2012 in Sri Lanka.