Investor-centric new policies and laws will be introduced: Dilum Amunugama

Thursday, 4 May 2023 01:15 - - {{hitsCtrl.values.hits}}

State Minister for Investment Promotion Dilum Amunugama observing the activities at Hambantota International Port. Hambantota International Port Chief Financial Administrator Raymond Mu, and Sri Lanka Board of Investment Director General Renuka M. Weerakone are also present

State Minister of Investment Promotion Dilum Amunugama recently revealed that a committee of experts has been appointed to introduce a stable investment policy and a unified investment law to make Sri Lanka the easiest and most attractive country in the Asian region for investment.

He announced the move during a meeting held at Hambantota International Port.

Amunugama said in a very short period, the various services of the Sri Lanka Board of Investment have been made more flexible. Several new steps have already been taken for that. Fully established Investor Facilitation Centre (IFC) at World Trade Centre west tower 27th Floor. Further new marketing communication program to launch to attract 100 IT service companies, and encourage 50 existing BOI companies to reinvest.

Amunugama also said that many facilities such as the establishment of advisory councils for identified sectors, digitisation of key investor services, modernisation of existing zones to meet international green standards, the introduction of a partnership finder database, five-year resident visa program, etc. have already been implemented.

Further commented, that although the year 2022 was the most difficult year on record after independence, it was possible to bring in investments exceeding $ 1 billion in that year as well. He also says that it will be possible to achieve the expected goal of $ 2 billion this year. For that, the State Minister emphasised that positive reforms should be done in all sectors to suit future needs and that the President’s new strategy for FDI will provide much-needed direction to achieve the said target.

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