SL steps up efforts to boost exports

Colombo, Oct 15 (Agency) Sri Lanka has stepped up its efforts to achieve an export-oriented economy while creating an investment conducive environment to boost foreign direct investment into the economy, a business daily said on Saturday. A high-level discussion to review the progress, initiatives and challenges of Sri Lanka was held by Industries Minister Dr. Ramesh Pathirana and Investment Promotions State Minister Dilum Amunugama this week, the Daily FT reported. It was discussed to enhance new investment opportunities by extending maximum facilities for investors to boost FDIs amidst the ongoing economic crisis.

“Measures have been introduced to promote investments related to value-added industries. Special emphasis has also been given to protect local resources for sustainable development of the economy,” Dr Pathirana said. He added that steps had been taken to create a land bank, noting that for future investments, the required state land will only be issued through this. Amunugama said an Investment Facilities Centre and Investment Facilities Centre Committee were being set up in the country.