Sri Lanka’s Board of Investment to introduce bio-security bubble for investors
The Board of Investment (BOI) of Sri Lanka has reportedly stated that it would facilitate potential investors who wish to visit the country through the bio-security bubble option.
Sri Lanka’s Ministry of Health has recommended that COVID-19 preventive will be practiced throughout such visits, with the bio-safety bubble ensuring that neither the local population nor visiting investors will be at risk of exposure.
This will be possible through selected hotels, safe transport facilities and all other stipulated health and safety measures, facilitated through the BOI.
“A significant number of investors have shown interest in Sri Lanka, despite the impacts of the global pandemic, and measures such as the biosafety bubble are progressive steps towards regaining our country’s economic advantages,” Board of Investment Chairman Sanjaya Mohottala has been quoted as saying.
OSL take:
Sri Lanka is one of the first country’s in the world to reopen borders and welcome foreign travellers to the country after the global Covid 19 pandemic restricted worldwide travel. Sri Lanka’s manufacturing sector continued operations even during the Covid 19 lockdown. Also, the recommencement of the development programme has attracted the attention of many foreign business tycoons. The granting of travel to the country in a bio bubble will undoubtedly attract the attention of foreign businesses/investors exploring opportunities in Sri Lanka. The island is fast becoming a business hub in the South Asian region given its geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by Sri Lanka.
| Article Code : | VBS/AT/20210323/Z_2 |