Invest In Sri Lanka

According to China’s state planner, China is planning to invest U$ 290 billion in tourism by 2020 for attracting more private investment into the industry. This is a joint release from the NDRC and the China National Tourism Administration, in response to guidelines from the state cabinet to reform the tourism industry. Since tourism infrastructure and public services were “in dire need to be improved”, the National Development and Reform Commission (NDRC) of said they are in the process of planning a batch of key tourism projects and “proactively guide” social capital – Chinas term for private investment - to invest in the industry. [ 73 more words ]

http://www.osltoday.com/china-aims-290-b-tourism-investment-2020/

China aims at $ 290 b tourism investment by 2020 China is aiming for the tourism services purchased in the country to reach $ 1 trillion by 2020, with tourism contributing more than 10% .

In order to help supply a reliable and improved electricity supply to the country achieving 100% electrification in underdeveloped areas and small isolated areas in the Northern Province, the Asian Development Bank has signed an agreement granting a loan of $ 115 million. The project focuses on four major modules: Renewable energy systems development consisting of establishing hybrid renewable energy systems in small isolated islands in the Northern Province and support for productive energy use for people living in small isolated islands and rural communities. [ 96 more words ]

http://www.osltoday.com/adb-gives-loan-assistance-reliable-electricity-supply/

ADB gives loan assistance for reliable electricity supply A reliable & improved electricity supply to the country achieving 100% electrification in underdeveloped areas and small isolated areas.

A statement issued by the The Ministry of Plantation Industries said that the World Bank will offer $70 million to Sri Lanka in order to modernize the estates and factories of the Regional Plantations Companies (RPCs). The support from the World Bank is a result following the talks Minister of Plantation Industries, Navin Dissanayake and World Bank officials held recently to explore possibility of procuring assistance to upgrade and develop tea plantations that are managed by RPCs to enhance their performance and gain better profit. [ 127 more words ]

World Bank gives $ 70 m to uplift SL’s plantations sector The Ministry of Plantation Industries said that the World Bank will offer $70 million to Sri Lanka in order to modernize the estates.

Plans are underway to revamp the Kandy City in to a more appealing and environmentally friendly city with the intention of attracting more local and foreign tourists. Hence, the following committees have been proposed in order to expedite the transformation process at the earliest: The Bogambara Project The Greater Kandy Development Unit (GKDU) to be established with immediate effect. The 2016 budget allocations of the Ministry of Special Assignment to be used for immediate budgeting purposes including rent out of office space, purchase of equipment, and other operational and miscellaneous costs. [ 92 more words ]

Gearing Kandy City for tourism Plans are underway to revamp the Kandy City in to a more appealing and environmentally friendly city with the intention of attracting more foreign tourists.

In order eliminate lengthy red tape procedures for government approvals and to ensure quick and hassle free coordination between various government agencies the government plans to set up an Investment Single Window Committee – ISWC. The ISWC, comprising eight best qualified performers in the field, will help speed up the motions of the FDI sector involved in the mega projects. [ 101 more words ]

ISWC in order to expedite investment approvals The ISWC, comprising eight best qualified performers in the field, will help speed up the motions of the FDI sector involved in the mega projects