Sri Lanka’s President assures secure environment for investments
The Morning: President Anura Kumara Dissanayake noted that a secure environment for investments has now been established in Sri Lanka, highlighting that the irregularities that prevailed under previous administrations have been rectified.
Dissanayake emphasised that the security of investors and investments coming into the country has been ensured under the current government.
The current government, he said, is formulating new laws within a democratic framework to ensure transparency and stability in the investment process.
He made this remark during a discussion held recently at the Presidential Secretariat with a delegation of US business representatives visiting the country to study Sri Lanka’s investment opportunities, business environment and legal framework, the President’s Media Division (PMD) said.
Dissanayake further affirmed that attracting foreign investment remains a top priority of the government. In this regard, measures are being taken to guarantee investor protection, expand investment opportunities and facilitate investor operations.
He added that steps are underway to introduce an Investment Protection Act to reinforce this commitment.
He also stated that the government is working toward building national unity beyond divisions of ethnicity and religion, creating an efficient public service, maintaining transparent diplomatic relations and overcoming technological barriers through digitalisation all aimed at strengthening the country’s investment climate, the statement added.
OSL take:
With its heightened economic activities and expanding overall economy, Sri Lanka is on a steady growth trajectory as it heads towards becoming a hub in the South Asian region. The country’s strategic positioning in the Indian Ocean, the many trade agreements as well as trade concessions, the continuously improving ease of doing business environment and the incentives on offer for foreign businesses/investors, all make Sri Lanka the ideal business destination in the region. The strength, growth and profits recorded by local businesses, the increasing interest among foreign businesses/investors as well as foreign nations all indicate the increasing business potential in Sri Lanka. The expanding business/investment opportunities in Sri Lanka therefore present many lucrative business ventures for foreign businesses/investors on the lookout for opportunities in Sri Lanka. The assurance given by none other than the Sri Lankan President himself to foreign businesses/investors serve as a confidence booster. Sri Lanka’s potential is further evident by the prominence given by countries like the US, China and India in exploring business/investment opportunities in Sri Lanka. Given all these positive developments, foreign businesses/investors could explore the expanding opportunities while also looking at the possibility of expanding operations through partnerships or joint ventures.
| Article Code : | VBS/AT/20251015/Z_5 |