Today: 30 May 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

White House: Israel OKs Gaza Truce

Hamas said Thursday that its leadership had received a new Gaza ceasefire proposal from Witkoff through the mediators and was studying it…reports Asian Lite News The White House said that Israel has

Saudi backs India’s strategic outreach

In a series of engagements, the Indian delegation met Saudi Arabia’s Minister of State Adel Al-Jubeir and other senior officials. A high-profile Indian all-party parliamentary delegation, led by BJP MP Baijayant Jay

Iran pressed over 3 missing Indians

The embassy stated that it is maintaining close contact with the families and keeping them regularly updated about the steps being taken….reports Asian Lite News The Indian government has urged Iranian authorities

EU-UAE FTA talks amid US tariff pressure

Talks will also explore ways to boost trade in strategic sectors, such as renewable energy, green hydrogen and critical raw materials….reports Asian Lite News The European Union (EU) and the United Arab
Go toTop

Don't Miss

Currency depreciation lands Lanka in soup

The country’s biggest wheat importer PRIMA increased the price of

India, Lanka strengthen bilateral relations through delegation Talks

The Prime Minister even congratulated Wickremesinghe on completing one year