Efforts taken to create an investment-friendly environment and economic stability in Sri Lanka – President

 

The President also said that laws that had been introduced under the Greater Colombo Economic Commission (GCEC) will be re-enacted to introduce an efficient system replacing the existing slow process, to encourage foreign investment. 

The President further said that he had already appointed a committee to bring the Board of Investment (BOI), the Export Development Board (EDB) and the Sri Lanka Export Credit Insurance Corporation (SLECIC) together onto one platform and establish one investment promotion agency to encourage foreign investment in Sri Lanka. 

The new project came along and they were looking at the Havelock town, Wellawatte Spinning and Weaving Mill land that was abandoned. So, I thought, why not have one zone in Havelock town and no better person than SP Tao to start it off? When we came in 1977, we started the Greater Colombo Economic Commission (GCEC). 

What this committee is recommending and working on is that the BOI the EDB and Sri Lanka Export Credit Insurance Corporation (SLECIC) are brought together as one investment promotion agency. Let us commit ourselves to moving forward to promote greater foreign investment.