INSUBCONTINENT EXCLUSIVE:
State Minister of Investment Promotion Dilum Amunugama on Friday (Oct
13) announced plans to establish a Japan-Sri Lanka Free Trade Zone here.The lawmaker mentioned that Bingiriya and Iranavila areas have been
has been temporarily opened to the public.He said the Port City is being developed under a third-party agreement, with an allocation of USD
China Harbour Engineering Company has already completed 80% of the construction work
According to him, the legal framework necessary for doing business in the port city has been prepared and several operating regulations are
scheduled for approval by the Parliament.Speaking further, he mentioned that investments of about USD 1.6 billion have already arrived, with
an additional USD 1.6 billion in investments underway, adding that the government is planning to sell 28 project land plots to investors,
including 74 plots for business purposes and 44 for public use.He said, additionally, activities to establish a Japan-Sri Lanka Free Trade
Zone in the Bingiriya and Iranavila areas are in progress, supported by the Japanese-Sri Lankan business council and Japanese entrepreneurs
interested in creating free trade zones in Sri Lanka.
