Govt. grants 15-year tax holiday for foreign campus

3 September 2013 11:49 am - 20     - {{hitsCtrl.values.hits}}

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The Government has decided to grant a 15-year tax amnesty for the project to set up a branch campus of Britain’s Central Lancashire University in the Mirigama Export Processing Zone.
 
The government presented the gazette notification in Parliament today announcing tax benefits for the proposed project to be implemented under the Strategic Development Act.

The campus, once established, should adhere to the provisions of the Universities Act in conducting its educational activities. (Kelum Bandara)
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  Comments - 20

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  • Prof Hemantha Wickra Wednesday, 04 September 2013 01:56 AM

    This is definitely to, also, cater for the local bright students too. They sure will have a scholarship scheme for such students. University will also have courses to attract neighboring foreign students. University will sure have courses, currently not available in Sri Lanka, for which SLn students spend much foreign exchange to go overseas. In brief this University will save large sums of foreign exchange and will have best local and foreign faculty to teach. It will follow the models used in Malaysia by foreign universities like Monash, New Castle, Harriot Watt, Nottingham, Royal College of Surgeons in Ireland or the prestigious Johns Hopkins.

    Luvis Fernando Tuesday, 03 September 2013 01:41 PM

    Very Good Move.

    Kiris Baba Amaray Wednesday, 04 September 2013 02:25 AM

    Same way why not Sir, grant some relief on foodstuffs removing all import taxes burdens the poor masses.

    idroos Tuesday, 03 September 2013 02:03 PM

    Great Vision to achieve the mission though late much hats off to our president

    gamunu Wednesday, 04 September 2013 07:43 AM

    Yes, but when they qualify & work abroad in UK/US/Australia, money they remit to SL & spend when they keep coming back to SL on visits/holidays far out-weigh the money going out initially.
    SL's major source of foreign revenue is from expats.

    In actual fact the successisive govts had nothing to reward them.

    Govt Memb of parliment, Prov councillors, govt servants all get duty free car permits which drains foreign currency reserves, after all none of them earn any foreign currency for the country. Expats who earn foreign currency are not given that facility.

    Nihal Wednesday, 04 September 2013 02:46 AM

    Sri Lanka has all the resources to make the educational hub in this region but it hinders JVP, they mislead the masses giving twisted facts and unrealistic reasons

    Rohan Wednesday, 04 September 2013 02:48 AM

    This is a good move. That would save lot of money for the country. Sri lanka has a capacity of local lectures/staff to work on those universities as well. Therefore it will create jobs for locals and save much required foreign currency and lot more other benefits to the Nation.

    Roshan Wednesday, 04 September 2013 02:49 AM

    Bright students don't go to private universities as no such payments required to be done to government universities. Basically, those are like boutiques and only rich people can afford. This way, this government tries to marginalize, clever, poor children. It is not good for the country's so called development as the best are ignored.
    However, this government members were against the North Colombo Medical College, those days.

    RuwanL Wednesday, 04 September 2013 03:00 AM

    Excellent move! We should have more universities like these. The government shout request some of the Australian and Singaporean universities to set up their campuses in Sri Lanka. Also encourage some of the leading pioneers of higher education to collaborate with other foreign universities to set up campuses. The government should also look at a scholarship scheme for local students to attend these universities to ease the congestion in the government universities

    Destiny Wednesday, 04 September 2013 03:01 AM

    Just consider what happened to our hospitals over the years after private hospitals were allowed to operate. He who has money receives care, while those who do not may suffer. The same thing will happen to our universities. In time the good academics may become too busy servicing the private universities and making money, to service the state operated universities. Next the controlling interests in these ventures will be purchased (or a deal done) by the family and their lackeys.

    warraa Wednesday, 04 September 2013 03:38 AM

    it is a excellent move. however, to keep the standards they should have a mix of foreign and local lectures.

    Eng Wednesday, 04 September 2013 04:11 AM

    Cources offred by this university has no use for the country. NO technical education is offred!

    Goofy Wednesday, 04 September 2013 04:51 AM

    It is a British university. The money will still go out in bulk. Note the tax holiday.

    Dilshan Fernando Tuesday, 03 September 2013 12:02 PM

    Very good move. This will help lot of students to get higher education without going abroad. And this will save lot of money going out of country for countries like UK and Australia.

    Goofy Tuesday, 03 September 2013 12:03 PM

    Good but how may bright Sri Lanka students will be able to attend this university. UK universities are very expensive even for the British.

    ලන්කපුත Wednesday, 04 September 2013 05:12 AM

    If some one can explain this to me... how do we save money by not attending a forieng university but a local branch of it.
    90% of colleagues who went for foreign uni's only payed the first semester fee from pocket, and the rest been paid after earning at that country. Now in Sl, do we have those kind of part time jobs to earnt 100,000 K per month and pay that price to the foreign invester who takes it back to UK or Australia?

    nalaka Tuesday, 03 September 2013 12:14 PM

    verry soon we will see another virodhatha pelapaliya from local university student unions the "sama kandawumkaru" mast be pereparing his speach

    Dr. Sudharma - Aussi Wednesday, 04 September 2013 01:08 PM

    This is a great vision. Sri Lanka needs private and public sector collaboration for its progress specially in education. There is no doubt that some may critique negatively. However, in the longer run, Sri Lanka needs to fill the vacuum of unemployment. Due to limited resources many bright and deserving students do not get the opportunity to enrol in public universities. They are the cream of the nation who become vulnerable without proper tertiary education and career opportunities.

    Thanks to this urgent call and please do not let out your emotions and show your immaturity by stereo type protests and slogans harassing the future of the youth of our nation. This should have established 2 decades ago. Hats off to the govt.

    Sim Tuesday, 03 September 2013 12:38 PM

    Good, hope they will recruit more students from SL

    ANTON Tuesday, 03 September 2013 01:10 PM

    VERY VERY GOOD CAREER MOVE AND A TIMELY DECISION, MY FULLEST SUPPORT , IT WOULD BE A BLESSING IN DISGUISE AND IN FUTURE WE WILL GET MORE EDUCATED AND SELF DISCIPLINED CITIZENS.


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