Sri Lanka’s Seethawaka Investment Promotion Zone operates continuously despite Covid challenges
The Seethawaka Investment Promotion Zone of Sri Lanka which operates under the Board of Investment (BOI) and consists of 27 factories have been continuously in operation despite challenges posed by the global Covid 19 pandemic and operates in accordance with the guidelines of the country’s Ministry of Health.
While carrying out PCR testing on employees operating in the zone, random PCR tests are also being carried out along with the disinfection of the factories and facilities in the zone.
The BOI has reportedly stated that all factories operate in a hygienic manner and there was no need for public to panic. So far 23,032 PCR tests have been conducted in the investment zones and factory owners have spent around Rs. 240 million for this.
Meanwhile, Sri Lanka’s Exports Development Board (EDB) has announced that the country was on track to meet its revised export revenue targets.
OSL take:
Sri Lanka’s Export Development Board (EDB) says that the country’s exports sector is in the path to meet its revised revenue targets for this year. Despite the internal challenges posed by the global Covid 19 pandemic, Sri Lanka’s exports sector has shown resilience and is on the path to record a quick return to normalcy. Also, Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country will help boost the country’s exports sector. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka’s exports sector.
| Article Code : | VBS/AT/13112020/Z_6 |