Sri Lanka to call international bids for liquor tamper seal
EconomyNext: Sri Lanka’s cabinet has approved a proposal to call bids from international service providers for the provision of security stamps on foreign liquor, locally bottled foreign liquor and locally manufactured liquor, a cabinet statement said.
The move follows the mandatory requirement to affix security markings on all imported foreign liquor, locally produced foreign liquor, and local liquor established under the Excise (Amendment) Act No. 26 of 2018 and subsequent regulations published in the Extraordinary Gazette No. 2249/50 in October 2021.
The current service providers contract is set to expire on January 1, 2027.
The government is looking for a new service provider for a five-year term.
Bids will be called under the international competitive bidding process to procure both the physical security signage and the management of the underlying data system required by the Sri Lanka Excise Department.
OSL take:
Sri Lanka’s expanding economic activity and ongoing market reforms are continuing to create new business/investment opportunities for foreign businesses/investors across a wide range of sectors. The Sri Lankan government’s decision to invite international bids for the provision of security stamps on imported and locally manufactured liquor highlights the country’s increasing focus on modernisation, regulation, and revenue management systems. The growing demand for advanced security, authentication, and digital tracking solutions presents opportunities for international firms specialising in tax stamp technology, supply chain monitoring, packaging security, and regulatory compliance services. As economic activity expands across manufacturing, retail, logistics, and consumer goods sectors, there is rising demand for modern technologies that improve efficiency, transparency, and tax administration. Sri Lanka’s broader development agenda is also opening opportunities in infrastructure, tourism, renewable energy, logistics, financial services, information technology, and industrial manufacturing. Increased urbanisation, rising consumer demand, and improvements in transport and trade connectivity are supporting growth across both domestic and export-oriented industries. With its strategic location in the Indian Ocean, improving investment climate, and government support for foreign participation in key sectors, Sri Lanka is positioning itself as an attractive destination for international investors seeking long-term opportunities in South Asia.
| Article Code : | VBS/AT/20260515Z_2 |