š CHEC Port City Targets Indian Investors with INR Transactions & SEZ Incentives
ā¢ Strategic Repositioning & Target Market CHEC Port City Colombo is stepping up efforts to attract Indian investors, positioning its 2.7 sq. km reclamation project as a multi-services export zone and regional business gateway rather than just a real estate development. India has been identified as the primary growth market for the Special Economic Zone (SEZ). ā¢ INR Currency & Offshore Facilitation To enable seamless integration with India's economy, Indian rupees (INR) are recognized as legal tender within the SEZ. Indian businesses can register as offshore entities under their existing companies and transact directly in INR without incorporating a new Sri Lankan firm. ā¢ Hospitality & Lifestyle Sector Growth The master plan has earmarked four dedicated plots for the hospitality sector. Its 90-hectare swimmable lagoon is designed to accommodate food & beverage (F&B), restaurant, and lifestyle retail projects, alongside residential, office, recreation, yacht marina, and casino developments.