Basil spearheads new measures to boost investments

Thursday, 29 July 2021 03:44 - - {{hitsCtrl.values.hits}}

Finance Minister Basil Rajapaksa yesterday stressed the need to identify new high potential sectors to which investments, both local and foreign, could be attracted to, as well as ensure aggressive promotion.

A more dynamic approach to spur new investments and enhance their contribution to higher economic growth came under discussion at a meeting Rajapaksa chaired with ministry secretaries and heads of select State institutions.

The Finance Minister said abundant investment opportunities in the fishery and pharmaceutical sectors must be identified and promoted among foreign and local investors. Parallelly, necessary facilitation and approvals must be done expeditiously, he said.

The need for greater and efficient coordination between State agencies in relevant sectors and outside was also stressed by Rajapaksa.

State Minister of Money, Capital Markets and Public Enterprise Reform Nivard Cabraal, Finance Ministry Secretary S.R. Attygalle, Tourism Secretary Sunil Hettiarachchi, Industries Secretary Gen. Daya Ratnayake, and BOI Chairman Sanjay Mohottala were among officials present at the meeting.