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Sri Lanka promises fast-track investment approvals from July 01

June 17, 2013 (LBO) - Sri Lanka's investment promotion ministry said a new fast-track unit will be opened from July 01, to give approvals for projects within three months.
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Investment promotions minister Lakshman Yapa Abeywardene expects the procedure to provide all necessarily approvals, within three months, the statement said.
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The Board of Investment of Sri Lanka will staff the office with six officers who have multi-lingual capabilities, the ministry said in a statement.

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All applications that are submitted will be copied to the investment promotions minister and the ministry secretary who will solve any outstanding problems.
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Issues that cannot be solved at a ministry level will be forwarded to a progress monitoring committee chaired by the President.

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