State Minister for Funding Promotion Dilum Amunugama says {that a} new Act on investments in Sri Lanka can be launched by the top of this yr with a view to exchange the present sophisticated legal guidelines.
He assured that the sophisticated conditions confronted by traders in Sri Lanka could be eradicated by the subsequent yr.
State Minister Amunugama has made this comment in response to the questions raised by the parliamentarians relating to the complexities in buying licenses for investments in Sri Lanka and different issues, throughout a latest assembly of the Ministerial Consultative Committee on Funding Promotion.
Moreover, the lawmaker emphasised that an Investor Facilitation Heart has been established on the World Commerce Heart to offer services to traders together with options for the problems they’re dealing with. The centre can be operated in coordination with all authorities companies, he added.
Amunugama additionally identified that the traders have been given the chance to submit their points to the heads of associated establishments, including that this middle will assist traders clear up their issues at once.
He famous that this process could be in place as a brief resolution till the brand new legal guidelines are carried out.
Through the assembly, the parliamentarians have additionally highlighted the necessity to submit correct data on the investments introduced into the nation, highlighting its essentiality whereas working with the Worldwide Financial Fund (IMF).
