ECONOMYNEXT – Sri Lanka is getting proposals to invest in tourism despite a Coronavirus pandemic with 64 projects now being evaluated, and 38 projects valued at 102.3 million dollars being approved, the tourism office said.
From March 2020 to June 2021, 950 million dollars of investments have come to the country Sri Lanka Tourism Development Authority said.
“We have taken great care to streamline the investment process, so it is more in line with what international investors expect,” Sri Lanka Tourism Chairperson Kimarli Fernando said in a statement.
“This includes a master document which merges the requirements of all government agencies into a single easy to use application for investors.”
SLTDA has also established an Investment Relations Unit (IRU) to expedite the approval of all tourism investments.
This provides greater clarity on regulatory issues and allows investors to form a direct partnership with the administrative body. (Colombo/Aug10/2021)