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Last Updated : 2024-05-19 11:18:00
20 February 2023 07:17 pm - 7 - {{hitsCtrl.values.hits}}
President Ranil Wickremesinghe said that an Economic Commission will be formed as early as possible to approve investment opportunity in order to provide more opportunities to local and foreign investors.
The President also stated that it has the potential to significantly boost the country's economy.
President Ranil Wickremesinghe made these remarks today at the opening of the country's first migratory bird park and eco-tourism zone in Hanthane, Kandy.
"Instead of the Board of Investment and the Board of Exports, we should appoint an Economic Commission and come to a system of giving approval for investments through one agency. Minister Dilum Amunugama has been assigned to arrange that. The report will be available within the next two to three weeks. Accordingly, we hope to implement it in the future," he said.
More investment opportunities are necessary for Sri Lanka to embark on a new economic path. It takes ten years to approve a firm after an investor arrives in Sri Lanka. This situation should be changed. Production, export economy and technical sectors should be developed under a new economic plan.
More chances for domestic and international investment should be provided for that. The economy won't grow if it takes a foreign investor ten years to arrive and begin investing in Sri Lanka. President J.R. Jayawardena passed the Greater Colombo Economic Plan in a short period of three months and Sri Lanka got its economic benefits.
President Premadasa approved the 200 garment industries program in three weeks. In this way, if the investment opportunities are not increased, it is not possible to strengthen the economy of Sri Lanka.
Eranda g Monday, 20 February 2023 08:06 PM
A man of commissions with a lot of omissions is dragging our country into turmoil.
Jagath Ekanayake Tuesday, 21 February 2023 03:22 AM
Another meaningless random utterance from the "president of 134". First uphold the basis rights of the people or prepare to spend your last years in confinement.
ROSH samarathunga Tuesday, 21 February 2023 03:53 AM
We all had a enough of this master debating unelected president who is incapable of duty for last 50 years and counting. This unelected master debated president needs to give opportunity for young generation
Kps Tuesday, 21 February 2023 05:29 AM
We had seen lots of announcements , promises without no results.
roni Tuesday, 21 February 2023 08:02 AM
This will be done that will be done. eventually nothing done. Typical of an unelected person trying to stay in the position. Test your credentials and have the election.
Jude Tuesday, 21 February 2023 09:00 AM
RANIL not capable of improving the economy nor bring in investments, it's ain't his Forte, yeah!!
Man Tuesday, 21 February 2023 12:28 PM
Another for ex-UNP MPs to earn in addition to the BOI. Absurd!
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