Colombo (IANS) | Sri Lankan President Ranil Wickremesinghe has set up 54 departments that will provide investor facilitation services under seven task forces to create a business-friendly environment in the country. This information was given in an official statement on Wednesday. The move will facilitate investment in the South Asian country by simplifying the procedures involved, reducing time and providing easy access to information to enhance capacity, Xinhua news agency quoted a statement issued by the President’s Media Division (PMD) as saying. part of Sri Lanka’s efforts to create a conducive environment.
The PMD said that clear messages have been given to the task force as to what they have to do.
According to the statement, the tasks include providing key outputs such as developing a digital signature system, simplifying existing forms for company registration, process improvements related to land registration, necessary certificates and related payments.
Sri Lanka is trying to streamline its investor facilitation process to attract more foreign investment.
