Cabinet Approves Parliamentary Submission for 68 Port City Entities 🏛️

• Overview: Sri Lanka’s Cabinet of Ministers approved submitting gazetted regulations to Parliament designating 68 entities in the Colombo Port City as Secondary Businesses of Strategic Importance. • Legal & Regulatory Framework: The proposal falls under the Colombo Port City Economic Commission Act No. 11 of 2021. Initial Cabinet approval was granted on March 30, 2026, followed by Extraordinary Gazette publication on April 10, 2026. • Sector Breakdown: The 68 designated entities cover ICT/BPM (information technology & business process outsourcing), consulting services, logistics, infrastructure, hybrid/combined business models, and public enterprises. • Strategic Focus: Minister Nalinda Jayatissa stated the objective is to build a transparent, functional, and investment-friendly framework while removing existing bottlenecks to attract foreign capital.