Sri Lanka tourism has successfully attracted US$ 1,013 mn

Friday, January 28, 2022

The pandemic-impacted tourism industry of Sri Lanka is quite confident of a strong revival. The industry has successfully invested amounting to US$ 1,013 million despite the COVID outbreak.

Prasanna Ranatunga, the Tourism Minister, has explained that they have received 99 proposals to invest in Sri Lanka tourism during the last two years in spite of the pandemic and 59 projects valued at US$ 300 million have already been approved.

With a mission to speed up tourism investments, yesterday, the Sri Lanka Tourism Development Authority (SLTDA) signed MoUs with eight government institutions for the swift approval of proposals. Eight MoUs were signed with the Central Environment Authority, Department of Wildlife Conservation, Forest Conservation Department, Department of Archaeology, Department of Irrigation, Department of Agrarian Development, Department of Fisheries and Aquatic Resources and National Building Research Organization (NBRO).

By now, the SLTDA has signed MoUs with the Board of Investments and Department of Coast Conservation and Coastal Resource Management under this programme. SLTDA will sign MoUs with the Civil Aviation Authority, the Colombo Municipal Council, Ceylon Electricity Board, National Water Supply and Drainage Board in the future.

He explained that SLTDA has successfully introduced the Investor Relations Unit to fast-track the investment process as well. For all tourism investments, the Unit offers a single point of contact, giving accurate information and guidance while obtaining approvals from all government agencies. Documents required for all government approvals are listed and included in the ‘Master Application Form’ for investor convenience.

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