Today: 28 October 2025
3 May 2023
1 min read

Lanka ramps up efforts to woo investment

The move was part of Sri Lanka’s efforts to create an investment-friendly environment in the South Asian country…reports Asian Lite News

Sri Lanka has set up 54 departments that will provide investor facilitation services under seven task forces on the directives of President Ranil Wickremesinghe, an official statement said on Wednesday.

The move was part of Sri Lanka’s efforts to create an investment-friendly environment in the South Asian country by simplifying the processes involved, reducing the time taken, and making information readily available to increase efficiency, Xinhua news agency quoted the statement issued by the President’s Media Division (PMD).

The PMD said that the task forces have been given clear deliverables.

Among the tasks are delivering key outputs such as developing a digital signature system and simplifying existing forms for company registration, and improving procedure involving land registration, required certificates, and related payments, according to the statement.

Sri Lanka has been trying to streamline its investor facilitation process to attract more foreign investment.

ALSO READ: Lankan Prez optimistic about resolving ethnic conflict by year-end

Previous Story

Delhi Capitals beat Gujarat Titans by five runs

Next Story

‘O Baby’ first look poster out: Dileesh Pothan, Ranjan Pramod team up for gripping thriller

Latest from -Top News

Gazans Struggle to Revive Life

Today, Gaza’s markets seem to awaken from beneath the ruins. Partially destroyed shops opened their doors amid streets littered with debris, while merchants attempt to arrange what remains of their goods on

GAZA AID: MSF raps Israel

Doctors Without Borders (MSF) says Israel Continues to Use Aid as a Weapon of War Against Gaza Strip…reports Asian Lite News Doctors Without Borders (MSF) said that despite the ceasefire agreement, Israel

Qatar Emir Meets Trump

HH the Amir welcomed HE the US President and his accompanying delegation, expressing his pleasure at meeting the President during his stopover in Qatar…reports Asian Lite News HH the Amir Sheikh Tamim

Abu Dhabi leads future of food innovation

Global Food Week 2025 cements Abu Dhabi’s leadership in food innovation, uniting 75 countries to showcase sustainable agriculture, cutting-edge technologies, and women-led enterprises driving future food security….reports Asian Lite News Global Food

UAE reshapes AI council

The newly reconstituted Council will be chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, with His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan serving as Vice-Chairman….reports Asian Lite
Go toTop

Don't Miss

Lanka blocks Chinese ‘spy’ ship after pressure from India

According to a bilateral agreement signed in 1987, no Sri

Lanka moving away from China

Fears have also been rife in Colombo regarding Chinese loans,