12 companies designated under Colombo Port City Economic Commission Act

The Cabinet of Ministers has approved a proposal to designate 12 companies as businesses of strategic importance under the provisions of the Colombo Port City Economic Commission Act No.11 of 2021.

The proposal presented by the President, in his capacity as the Minister of Investment Promotions, proposes to grant exemptions and incentives to such businesses from the Acts specified under Schedule II to the said Act and to publish the rules applicable thereto through Government Gazette Notifications.

The businesses designated as Secondary Businesses of Strategic Importance under the Colombo Port City Economic Commission Act are as follows;