📈 FTZMA Proposes National Window to Boost Sri Lanka’s Foreign Exchange

The Free Trade Zone Manufacturers’ Association (FTZMA) has submitted a proposal to the Board of Investment (BOI) to establish a "National Facilitation and Activation Window" designed to streamline ideas that drive foreign exchange (Forex) inflows and support Sri Lanka's economic recovery. • Key Objectives & Operations Focus: Convert actionable, private-sector-led proposals into verified Forex earnings without Treasury funding. Process: Offers a single platform for local professionals, businesses, universities, and diaspora to submit complete execution plans (problem, solution, and required government clearance). Timeline: Mandates fast decision-making with responses within days and a maximum limit of one month (fast approvals or quick rejections). Accountability: Success will be measured exclusively by verified Forex inflows through the banking system. • Strategic Value & Impact Scope: Open to all sectors, including key pillars like export manufacturing, ICT/BPM, and cross-border services. Context: Aims to expand earning pathways ahead of debt repayment obligations resuming post-2028. Inter-agency Coordination: The BOI will act as the central coordinator, routing non-BOI proposals to relevant authorities without turning applicants away.