Travellanka October 2017

130 Business & Investment reports extensively on business and investment trends. Economic reportage is gaining importance. There is a strong legal tradition in the country, with respect for the rule of law and an excellent legislative framework. Both the government and opposition parties in this democracy are committed to foster private sector- led growth of the economy. TheBoardof investment in Sri Lanka (BOI) functions asa“one–stop” investmentpromotioncentre.The BOI approved projectshavebeenestablished inthe investmentpromotionZones ofKatunayake,Biyagama,Koggalaandotherpartsofthecountry. Very soon the government will be identifying a few more promotionalzonestopromoteforeigninvestmentandemployment among the local youth. Sri Lankans have been recognised all over the world as hard working and skilled. Foreign investment have come froma number of countries such as United Kingdom, Japan, South Korea, China, Germany, Hong Kong, Australia, Sweden, United States of America, Pakistan and Belgium. Investment under BoI Exchange controls have been removed and tax exemptions extended to the wide range offoreign investments.Investmentapprovals are fast and easy to obtain, from a non-stop clearance house. Expertise is encouraged and repatriation of profits is assured. English is widely spoken, written and understood by the middle and upper layers in the business and administrative sectors. Computerization is going on in every sector of economic and business activity. Communication skills are high, as are educational standards. Sri Lanka is well into the information revolution. Sophisticated information technology is readily available. The media Business & Investment The attraction of Sri Lanka today is not only that of history, beauty cultural splendour and the warmth of its people. Together with all this, the country is also on a newwave of progress, and is an increasingly attractive investment centre in South Asia. Board of Investment of Sri Lanka 26th Floor, West Tower, Echelon Square Colombo 01. Tel: 2434403-6, 2346131 The Ceylon Chamber of Commerce 50, Nawam Mawatha, Colombo 02. Tel: 2421745/6 National Chamber of Commerce 450, D. R. Wijewardena Mawatha, Colombo 10. Tel: 4741788 Ceylon National Chamber of Industries 1st Floor, Galle Face Court 2, Colombo 03. Tel: 2452181 Sri Lanka Export Development Board Level 4 Export Guarantee House, 42, DHP Building, Nawam Mw., Colombo 02. Tel: 2307519/23 Sri Lanka Export Credit Insurance Corporation Level 4 Export Guarantee House, 42, DHP Building, Nawam Mw., Colombo 02. Tel: 011-2307507 Industrial Development Board of Ceylon 615, Galle Road., Katubedda, Tel: 2605323, 2605394, 2605450 Sri Lanka Standards Institute 17 Victoria PL., Elvitigala Mw., Colombo 08. Tel: 2671567, 2671572 Ceylon Institute for Scientific and Industrial Research (CISIR) 363, Bauddhaloka Mw, Colombo 07. Tel: 2693807-9, 2698861-3 Trade Establishments