GoSL to address problems that discourage investors

SL looking at India's digital unified single window clearance system

by Zulfick Farzan 01-12-2020 | 5:37 PM

Colombo (News 1st): President Gotabaya Rajapaksa told a conference on Tuesday (01) there have been several instances of projects, including some funded by foreign Governments, that have stalled due to various reasons.

Such delays are deeply problematic because they inhibit the benefits of these projects from reaching the people, said the President adding they also create a negative picture about the way the country operates.

The Government is keen on addressing such problems that discourage investors, said the President.

The President went on to note Sri Lanka's closest friend and partner India is in the process of setting up a digital unified single window clearance system so access to regulators, policymakers and facilitators will all be available at one point for investors.

Such mechanisms improve the speed and ease of doing business, he added noting they also enhance transparency and reduce corruption.

Mechanisms to monitor project implementation and enable intervention when required are also important, said Gotabaya Rajapaksa adding the means of introducing these are being assessed.