Sri Lanka

Sri Lanka

Introduces new Ministry of Technology and Investment Promotion to boost foreign investment

10 Jun 2022

On 10 June 2022, the Government of Sri Lanka issued an Extraordinary Gazette notification which introduced a new Ministry of Technology and Investment Promotion. The role of the Ministry will be to promote foreign direct investment and private sector investment and its main functions include the formulation, implementation, monitoring and evaluation of policies, programs and projects, in the areas of technology and investment promotion.

The Ministry includes the Department of Registration of Persons, the Department of Immigration and Emigration, Sri Lanka Telecom and its subsidiaries as well as 15 institutions including the Board of Investment of Sri Lanka and the Sri Lanka Standards Institute.