One stop shop for investors
Rasika SOMARATHNA
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Minister
Lakshman Yapa |
A high powered body which could act as a one-stop-shop for all
investor needs providing statutory support like issue of licences and
company formation, project approvals, design approvals, construction
permits, investor visa is on the cards. The Cabinet appointed a
ministerial Sub Committee to look into the possibility of setting up of
such a mechanism and come out with viable proposals in two months,
acting Media and Communication Minister cum Cabinet Spokesman Lakshman
Yapa Abeywardena said.
Minister Yapa made these comments during a media briefing held to
announce Cabinet decisions at the Government Information Department
Auditorium on Wednesday evening.
The Minister noted that at present investors were facing delays/snags
when setting up businesses as they had to seek approval from a number of
statutory boards on various aspects related to their investments.
The idea of the setting up such a body would be to minimize related
hassles and provide necessary statutory guidance/support to viable
investors, he added.
If needed a separate act to support such a mechanism would be
presented to Parliament after getting approval from the Cabinet, the
Minister observed.
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