Tuesday, May 28, 2024
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SL High Commission in London Launches Advisory Council to Bolster Investment Climate

May 10, Colombo (LNW): Under the auspices of Rohitha Bogollagama, the High Commissioner, the Sri Lanka High Commission in London inaugurated the Advisory Council of Sri Lanka’s Interests (ACSLI) on May 7, 2024. Comprising a diverse array of Sri Lankan and British experts spanning legal, banking, investment, tourism, and hospitality sectors, alongside representatives from UK polity and social and cultural spheres, the council convened for its inaugural meeting to address pivotal issues shaping Sri Lanka’s investment landscape.

Central to the deliberations were discussions on fostering an investment-friendly environment in Sri Lanka, with a focus on critical areas including taxation, employment laws, banking conveniences, and the burgeoning service sector, as well as the implications of new legislation concerning the Colombo Port City.

The council also explored strategies for implementing a visa program tailored to attract foreign investors, alongside initiatives aimed at bolstering air connectivity between Sri Lanka, the UK, and the Republic of Ireland.

High Commissioner Bogollagama, leveraging his expertise and vision, has committed to accelerating the influx of crucial investments into Sri Lanka. The council’s deliberations have yielded actionable proposals poised to be presented to the Government of Sri Lanka for further consideration and implementation, underscoring the collaborative efforts to fortify Sri Lanka’s position as an attractive destination for foreign investment.

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