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Report on problems of investors handed over

Nov 17, 2010 11:15:18 AM - itnnews.lk

The President receives the report of the Committee which inquired into the problems of investors.

Chairman of the Committee Deputy Minister Dr. Sarath Amunugama handed over the report to President Rajapaksa today. The President appointed the Ministerial Sub Committee to look into the issues faced during investments.

The Committee undertook a broad study of the problems confronted by investors and regulations which impact investments. Recommendations related to issues which surface in the release of land for business centres in the procurement of permits for investments are included in the Report.

Granting more investment opportunities within the island for local as well as foreign investors leads to rapid economic development. As such, the President has decided to implement these proposals after receiving the nod of the Cabinet.