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COLOMBO, Mar 16: Dispelling all concerns, the Colombo Port City officials are wooing Indian investors in the Sri Lanka project in contest with Dubai, Singapore and Malaysia. The Port City will hold road shows in India in the next two to three months to showcase the benefit of the project to Indian investors, Saliya Wickramasuriya, spokesperson for the Colombo Port City Economic Commission said. Colombo enjoys a cost advantage of 80 per cent,76 per cent, 29 per cent and 21 […]
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Parliament passes bill establishing Special Economic Zone to enhance ease of doing business
COLOMBO, Sri Lanka, May 27, 2021 /PRNewswire/ -- The newly reclaimed land of 269 hectares in the heart of the Colombo Business District in Sri Lanka has been identified as a Special Economic Zone (SEZ) by the Sri Lankan Parliament, paving the way for the creation of an International Business and Multi Services hub for South Asia called the
Port City Colombo. The Colombo Port City Economic Commission Bill sets a stable policy environment and an efficient framework of administrative processes. The bill significantly enhances ease of doing business through a single window facilitation, streamlined arbitration mechanism and globally benchmarked incentives.
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