Ruhunu Economic Development Corporation Bill to boost trade,exports | Daily News

Ruhunu Economic Development Corporation Bill to boost trade,exports

The Government moved the Ruhunu Economic Development Corporation of Sri Lanka Bill in Parliament yesterday, setting a national policy on Ruhunu Economic Development to encourage rapid economic development specifically trade, exports, technology, tourism and modern agriculture employment opportunities to secure sustainable economic development.

The Bill provides for the establishment of the Ruhunu Economic Development Corporation of Sri Lanka for the purpose of identifying, formulating and coordinating the implementation of Economic Development Projects, Plans, Programmes or Schemes within the Ruhunu Development Area and for matters connected.

The Bill was prepared on the lines of the Greater Colombo Economic Commission by the Legal Draftsman and it has been formulated to support establishing export-oriented special economic zones attracting foreign investors and creating employment for youth in Southern Sri Lanka. The government has planned for the Ruhuna and Hambantota economic corporation to establish an investment zone in accordance with those in the Western Province. Export Processing Zones are expected to be established in Galle and Matara with several large tourism zones to be set up by the government to the extent of 500 acres.

 


Visit Kapruka.com Sri Lanka's Largest online shop. Over 125,000 unique categories such as Fresh Flowers, Cakes, Food, Jewllery, Childrens Toys and other Sri Lankan e-commerce categories. Low delivery cost to most cities here and free delivery in Colombo.

 

Add new comment