Regulatory & Policy NewsManufacturing & Industrials
Sri Lanka Moves to Attract Major Investors to Mineral Sector š
⢠Strategic Focus: President Anura Kumara Dissanayake chaired a high-level meeting at the Presidential Secretariat to develop plans for attracting major foreign and local investors to Sri Lanka's mineral industry. ⢠Key Objectives: The initiative aims to accelerate mineral exploration, streamline bureaucratic red tape, align operations with environmental standards, and maximize state revenue from natural resources. ⢠Sector Overview: Focus areas encompass high-value natural deposits, including graphite, ilmenite, zircon, and the gem & jewellery sector, alongside reviews to eliminate export fraud and advance the Gem and Jewellery Centre project.
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