Sri Lanka to Launch National Business Facilitation Center to Cut Red Tape 📈

• Key Initiative: Sri Lanka will launch the National Business Facilitation Center on September 22 at Colombo 7 to address bureaucratic delays and support entrepreneurs. • Governance: Operates under a National Steering Committee chaired by the Secretary to the President, comprising ministry secretaries and agency heads. • Implementation Strategy: • Stage 1: Resolves day-to-day legal, regulatory, and policy issues via a submission webpage on the Presidential Secretariat website. • Stage 2: Functions as a single-window model offering end-to-end guidance, helping investors formulate proposals and secure land, utilities, and permits under one roof. • Core Objective: Serves as a single focal point coordinating state entities and banks directly to fast-track investor requests, with digital systems being developed for real-time progress tracking.