Sri Lanka’s Board of Investment says all 14 export processing zones are in full operation
The Board of Investment (BOI) of Sri Lanka has reportedly stated that all 14 export processing zones (EPZs) in the country are currently in operation while following the Health Ministry policy decision to conduct PCR test for the factory workers.
“All zones are in operation, but some of the enterprises are finding it challenging to cope up with their regular operations that require manpower involvement at factories as some of the employees are from the curfew areas,” BOI Director General Sanjaya Mohottala has told the Daily FT.
Mohottala has further noted that in the event the government of Sri Lanka decides on mobility restrictions, the BOI would assist the firms with required passes and other facilities required to allow the manpower for their operations.
Given the current Covid 19 situation in the country, a separate unit established by the BOI headed by Director General, Executive Director Zones along with zonal Directors are gathering information on the EPZs, enterprises and employees, which are being evaluated on a daily basis.
Sri Lanka has 14 EPZs countrywide where 285 enterprises are employing 143,500 workers.
Sri Lanka’s exports sector has shown great resilience in the face of the impact by the global Covid 19 pandemic. Exports authorities in Sri Lanka say that the exports sector in the country is likely to reach the revised targets. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region. Therefore, foreign businesses/investors could confidently explore business/investment opportunities in Sri Lanka’s exports sector.
|Article Code :||VBS/AT/19102020/Z_2|